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FL S1482
Bill
Status
Failed
5/2/2014
Primary Sponsor
Geraldine Thompson
Click for details
AI Summary
- Requires tax credits for qualified businesses operating in high-crime areas to be revoked if the area no longer qualifies as a high-crime area
- Changes application filing requirement from "a statement" to "an application" submitted to the Department of Economic Opportunity
- Maintains the maximum annual credit amount of $5 million, with $1 million exclusively reserved for tier-one areas
- Requires applications to be reviewed in the order received without preference for new or existing businesses
- Allows businesses to reapply within 3 months if their initial application is denied as insufficient
- Effective date: July 1, 2014
Legislative Description
Tax Credits
Last Action
Died in Commerce and Tourism
5/2/2014
Committee Referrals
Commerce And Tourism3/5/2014
Full Bill Text
No bill text available