FL S0684

Establishes a Director of Manufacturing position within the Department of Economic Opportunity to serve as liaison between state/regional/local agencies and manufacturers, provide permit applications, and disseminate expansion opportunities.

Removes job creation and retention requirements from the capital investment tax credit program and replaces them with a $10 million minimum capital investment requirement for manufacturing facilities.

Increases the period for taking tax credits under the capital investment program from 5 to 10 years for certain qualifying projects and extends the overall credit period to 20 years.

Creates a new Manufacturing Capital Investment Tax Refund Program allowing qualified manufacturing businesses with $10 million or greater capital investments to receive tax refunds equal to 10 percent of their capital investment against various state taxes.

Amends the target industry tax refund program to encourage capital investment alongside job creation and clarifies that tax credits and refunds are available to out-of-state businesses and various legal entity structures.