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FL S0842

Bill

Status

Introduced

2/7/2011

Primary Sponsor

Jack Latvala

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Increases the annual amount of tax credits available for contaminated site rehabilitation from $2 million to $4 million under s. 220.1845, F.S.
  • Increases the annual amount of tax credits available for drycleaning solvent-contaminated sites and brownfield site cleanup from $2 million to $4 million under s. 376.30781, F.S.
  • Updates all references to the annual tax credit authorization limit from $2 million to $4 million in the application and allocation process.
  • Applications for tax credits continue to be processed on a first-come, first-served basis, with incomplete applications rolled over to the following year if funds are exhausted.
  • Effective date is July 1, 2011.

Legislative Description

Tax Credits/Rehabilitation of Contaminated Sites

Last Action

Indefinitely postponed and withdrawn from consideration

5/7/2011

Committee Referrals

Environmental Preservation and Conservation2/17/2011

Full Bill Text

No bill text available