FL S0588

Creates the Urban Job Creation Investment Act establishing the Florida Urban Investment Job Creation Authority to designate and administer enterprise program zones in legacy enterprise zones and federally designated empowerment zones.

Establishes zone development corporations as non-profit entities to manage individual enterprise program zones, with boards composed of business owners, community leaders, and appointed government representatives.

Authorizes state incentives for qualified businesses located in enterprise program zones, including sales tax credits (50% on general purchases, 50% on equipment with 3+ year depreciable life), corporate income tax credits (8% of liability plus $1,500 per eligible employee hired), unemployment contribution exemptions, and assistance funds for loans and investments.

Requires qualified businesses to have at least 25% of full-time employees residing in the zone or meeting criteria such as prior unemployment, receipt of temporary cash assistance, or low-income status.

Sets expiration date of June 30, 2022 for the program, with requirement that Office of Program Policy Analysis and Government Accountability submit effectiveness report by January 15, 2022; moves repeal of original Florida Enterprise Zone Act from December 31, 2015 to June 30, 2013.