FL S1820

Removes "pervasive poverty" as a criterion for enterprise zone designation and replaces it with "unacceptable levels of unemployment" and general distress indicators including agricultural land discontinued due to weather or disease, mortgage foreclosure rates exceeding statewide average, and underutilized infrastructure.

Allows Lake County to apply for designation of one enterprise zone up to 10 square miles by December 31, 2011, notwithstanding limits on total enterprise zones authorized.

Expands enterprise zone jobs credits under sales tax and corporate income tax to include part-time employment (at least 20 hours per week) in addition to full-time positions, and removes requirements that employees reside in enterprise zones.

Modifies property tax refund caps for building materials and business property in enterprise zones from variable amounts based on resident employee percentages to flat caps of $5,000-$10,000 for building materials and $10,000 for business property.

Reduces threshold for leased employee eligibility from 36 hours per week average to 20 hours per week, and revises employment measurement standards throughout enterprise zone tax credit provisions effective July 1, 2011.