Florida House Bill 507 (Prior Session Legislation)

---

Completed Legislative Action
Sponsorship: Partisan Bill (Republican 1)
Status: Failed on March 9 2012 - 100% progression
Action: 2012-03-09 - Died in Business and Consumer Affairs Subcommittee
Text: Latest bill text (Introduced) [HTML]

Requires Department of Economic Opportunity to designate director of manufacturing; provides responsibilities for director; revises provisions relating to tax credit program for capital investment by certain qualifying businesses; removes creation or retention of jobs as criteria for qualified project; requires capital investment of at least $10 million as criteria for qualified project; increases period authorized for tax credit under program; creates new category of annual tax credit; provides additional annual credits for sales taxes & ad valorem taxes paid by certain qualifying businesses; provides tax credits for qualifying businesses located out of state; revises provisions relating to tax refund program for qualified target industry businesses; provides that certain capital investment qualifies target industry business for tax refund; creates Manufacturing Capital Investment Tax Refund Program within DEO; provides for amounts of capital investments for manufacturing businesses that are eligible for tax refunds; provides for application & approval process for qualified projects; authorizes Division of Strategic Business Development in DEO to adopt rules.

Economic Development

Rep. Lake Ray [R]

Date	Chamber	Action
2012-03-09		Died in Business and Consumer Affairs Subcommittee
2012-01-10		Introduced -HJ 52
2011-11-04		Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 52
2011-10-27		Filed

Chapter	Article	Section	Citation Type	Statute Text
220	191		Amended Code	See Bill Text
288	106		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2012/507
Text	http://www.flsenate.gov/Session/Bill/2012/0507/BillText/Filed/HTML