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FL H4013

Bill

Official Source

Status

Passed

5/30/2013

Primary Sponsor

MaryLynn Magar

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Deletes the $7 million lifetime cap on tax refunds for qualified defense contractors and space flight businesses under section 288.1045, Florida Statutes

  • Removes lifetime caps on tax refunds for qualified target industry businesses under section 288.106, Florida Statutes, while maintaining annual limits of $1.5 million per fiscal year ($2.5 million if located in an enterprise zone)

  • Maintains the 25 percent annual payment limit for qualified target industry businesses based on amounts specified in their tax refund agreements

  • Takes effect July 1, 2013

Legislative Description

Tax Refund Programs

Last Action

Chapter No. 2013-96, companion bill(s) passed, see CS/SB 406 (Ch. 2013-42)

5/30/2013

Committee Referrals

Commerce And Tourism4/18/2013
Economic Affairs3/14/2013
Finance and Tax Subcommittee2/13/2013
Economic Development And Tourism Subcommittee1/23/2013

Full Bill Text

No bill text available