FL H0507

Requires the Department of Economic Opportunity to designate a director of manufacturing to serve as liaison between state/local agencies and manufacturers, provide permit applications, and disseminate information about expansion opportunities.

Modifies the Capital Investment Tax Credit program (s. 220.191) by removing job creation/retention requirements and establishing a minimum $10 million capital investment threshold as the primary qualifying criteria for manufacturing facilities.

Increases the tax credit period from 5 to 10 years for certain qualifying projects and creates a new category allowing credits against sales taxes and ad valorem taxes in addition to corporate income taxes.

Amends the Tax Refund Program for Qualified Target Industry Businesses (s. 288.106) to emphasize capital investment as a qualifying criterion and expands eligibility to businesses regardless of legal structure.

Creates the Manufacturing Capital Investment Tax Refund Program (s. 288.1084) offering tax refunds equal to 10 percent of capital investment for manufacturing businesses (NAICS codes 31-33) making at least $10 million capital investments, with refunds available against multiple state and local tax types.