FL S0976

Creates the Florida Infrastructure Fund Partnership as a private limited partnership managed by the Florida Opportunity Fund to raise investment capital and invest in state infrastructure projects with a maximum aggregate commitment of $700 million.

Establishes the Florida Infrastructure Investment Trust to issue certificates to investment partners guaranteeing availability of tax credits equal to their committed investment capital, with aggregate tax credits capped at $700 million.

Limits partnership investments to infrastructure projects that fulfill important state needs, raise additional funding so total investment is at least twice the partnership's contribution, and prohibits investments exceeding 20 percent of total available capital in any single project.

Authorizes tax credits usable against state sales tax, corporate income tax, and insurance premium taxes with annual usage capped at $150 million per fiscal year, available for 7 years after issuance, and allows credits to be transferred or sold.

Requires annual reports to the Governor and Legislature detailing investment capital raised, project progress, costs and benefits to the state, job creation, and independently audited financial statements; prohibits the partnership from pledging state credit or taxing power.