Bill Amendment: FL S1634 | 2014 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Department of Economic Opportunity

Status: 2014-04-30 - Laid on Table, companion bill(s) passed, see CS/HB 7023 (Ch. 2014-218) [S1634 Detail]

Download: Florida-2014-S1634-Senate_Committee_Amendment_103032.html

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       Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1634
       
       
       
       
       
       
                                Ì103032aÎ103032                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       The Committee on Appropriations (Richter) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 220 and 221
    4  insert:
    5         Section 5. Paragraph (c) of subsection (3) of section
    6  288.9914, Florida Statutes, is amended to read:
    7         288.9914 Certification of qualified investments; investment
    8  issuance reporting.—
    9         (3) REVIEW.—
   10         (c) The department may not approve a cumulative amount of
   11  qualified investments that may result in the claim of more than
   12  $227.55 $178.8 million in tax credits during the existence of
   13  the program or more than $46.6 $36.6 million in tax credits in a
   14  single state fiscal year. However, the potential for a taxpayer
   15  to carry forward an unused tax credit may not be considered in
   16  calculating the annual limit.
   17  
   18  ================= T I T L E  A M E N D M E N T ================
   19  And the title is amended as follows:
   20         Delete line 15
   21  and insert:
   22         adopt rules; amending s. 288.9914, F.S.; revising
   23         limits on tax credits that may be approved by the
   24         Department of Economic Opportunity under the New
   25         Markets Development Program; amending s. 290.0411,
   26         F.S.; revising