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FL H0515
Bill
Status
Failed
5/3/2013
Primary Sponsor
Ben Albritton
Click for details
AI Summary
- Reduces the cumulative tax credit limit for qualified investments under Florida's New Markets Development Program from $263.8 million to $163.8 million during the program's existence
- Lowers the single state fiscal year tax credit limit from $53.6 million to $33.6 million
- Clarifies that unused tax credits that taxpayers carry forward cannot be counted toward calculating the annual limit
- Amends section 288.9914 of the Florida Statutes regarding certification of qualified investments and investment issuance reporting
- Takes effect July 1, 2013
Legislative Description
New Markets Development Program
Last Action
Died in Finance and Tax Subcommittee, companion bill(s) passed, see CS/SB 406 (Ch. 2013-42)
5/3/2013
Committee Referrals
Finance and Tax Subcommittee3/6/2013
Economic Development And Tourism Subcommittee2/6/2013
Full Bill Text
No bill text available