FL S1128

Revises the capital investment tax credit program to distinguish between new/expanding businesses and existing facilities, with existing facilities defined as those operating in Florida for at least 1 year before applying for certification.

Adds new qualifying project categories including existing facilities with $25 million cumulative capital investment in target industries and new facilities with $10-25 million investment in rural areas of opportunity.

Lowers the minimum cumulative capital investment threshold for ineligibility from $25 million to $10 million.

Establishes a $50 million annual cap on total tax credits granted beginning July 1, 2015, with the Department of Economic Opportunity required to track certified credits and deny certification if the cap would be exceeded.

Requires the Department of Economic Opportunity to issue written certification that includes anticipated cumulative capital investment and commencement of operations date, with a date of certification that cannot be changed by subsequent revisions to investment amounts.