Florida House Bill 1347 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on March 9 2012 - 100% progression
Action: 2012-03-09 - Died in Business and Consumer Affairs Subcommittee
Text: Latest bill text (Introduced) [PDF]

Creates "Corporate Transparency in the State Budget Act"; requires each granting body & recipient corporation to complete application for economic development subsidy on form prepared by DEO; requires each contracting agency & applicant for contract bid to complete application prepared by DEO; requires economic development subsidy reports & details criteria for such reports; authorizes Auditor General to conduct contract audits; requires DEO to compile & report annual tax expenditure budget with revenues equal to or exceeding certain amount; requires DEO to submit report to Governor & Legislature assessing certain credits, abatements, exemptions, & reductions; requires each property taxing entity to submit annual report for property receiving tax abatement or reduction during fiscal year; requires certain corporations doing business in state to file tax disclosure statement with DOR; requires that DOR make tax disclosure statements available to public; requires DOR to develop oversight & penalty system; authorizes rulemaking authority.

Corporate Transparency in the State Budget

Rep. Evan Jenne [D]

Rep. Scott Randolph [D]

Date	Chamber	Action
2012-03-09		Died in Business and Consumer Affairs Subcommittee
2012-01-12		Referred to Business and Consumer Affairs Subcommittee; Rulemaking and Regulation Subcommittee; Appropriations Committee; Economic Affairs Committee -HJ 215
2012-01-10		Introduced -HJ 133
2012-01-06		Filed

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2012/1347
Text	http://www.flsenate.gov/Session/Bill/2012/1347/BillText/Filed/PDF