FL S1022

Creates the "Municipal Revitalization Act" authorizing municipalities with populations of at least 300,000 and counties with populations of at least 1,200,000 to designate "sales tax TIF areas" within enterprise zones to capture increased sales tax revenues from retail development projects.

Establishes a tiered distribution formula where designated governing bodies receive 85% of increased monthly sales tax collections up to $85,000, declining to 0% for collections exceeding $1 million, with distributions contingent on local matching contributions of at least 30% and private investment equal to three times the state contribution.

Requires retail development projects within sales tax TIF areas to consist of more than 300,000 square feet of retail space, create at least 500 jobs within a 3-year compliance period, and generate more than $1 million annually in additional sales tax revenues.

Authorizes governing bodies to exercise powers including entering into retail development agreements with developers, expending tax increment revenues for public improvements (streetscape, landscaping, utilities, parking), and issuing sales tax increment revenue bonds with 40-year maturity limits.

Limits designations to no more than two sales tax TIF areas per eligible municipality and four per eligible county, prohibits overlapping areas within one-quarter mile of each other, and excludes urban infill areas, community redevelopment areas, and gaming facilities.