FL H0549

Revises the definition of "qualifying project" for capital investment tax credits to include new or expanded facilities creating at least 100 jobs in high-impact sectors (aviation, aerospace, automotive, silicon technology), with a temporary waiver for Disproportionally Affected Counties (Bay, Escambia, Franklin, Gulf, Okaloosa, Santa Rosa, Walton, Wakulla) between July 1, 2011, and June 30, 2014.

Increases the minimum annual average wage requirement for certain target industry facilities from 115 percent to 130 percent of the average private sector wage in the area.

Removes restrictions on affiliated companies and related entities from using tax credits together, allowing credits to be used by any member of an affiliated group of corporations or related cooperative entities without increasing total credit amounts or extending credit periods.

Establishes an annual cap of $50 million on total capital investment tax credits that may be granted statewide.

Becomes effective July 1, 2014.