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FL S1540
Bill
AI Summary
- Cited as the "Florida Jobs Retention Act of 2024," applying to businesses operating in Florida for at least 6 months, employing 75 or more individuals working at least 1,500 aggregate hours per week, and receiving state grants, guaranteed loans, or tax benefits
- Employers intending to relocate at least 30% of operations out of state or cease operations must notify the Department of Business and Professional Regulation at least 180 days in advance
- Employers that relocate or cease operations are ineligible for state grants, state-guaranteed loans, or state tax benefits for 5 years and must remit the remaining prorated value of any previously received state financial support
- The department may waive ineligibility and repayment requirements if the employer demonstrates compliance would result in substantial job loss in Florida or environmental harm
- All state-business-related customer service work performed by state contractors must be conducted entirely within Florida, with existing out-of-state contractors given 2 years to comply and any newly hired customer service employees required to work in-state immediately
Legislative Description
Workforce Retention
Last Action
Died in Appropriations Committee on Agriculture, Environment, and General Government
3/8/2024
Committee Referrals
Appropriations Subcommittee on Agriculture, Environment, and General Government1/24/2024
Full Bill Text
No bill text available