Senate Bill sb0486e2

    CS for CS for SB 486                          Second Engrossed



  1                      A bill to be entitled

  2         An act relating to enterprise zones; creating

  3         s. 290.00710, F.S.; authorizing the City of

  4         Lakeland to apply to the Office of Tourism,

  5         Trade, and Economic Development for designation

  6         of an enterprise zone; providing requirements;

  7         requiring the office to establish an effective

  8         date for the designated enterprise zone;

  9         creating s. 290.0073, F.S.; authorizing Indian

10         River County, the City of Vero Beach, and the

11         City of Sebastian to jointly apply to the

12         Office of Tourism, Trade, and Economic

13         Development for designation of an enterprise

14         zone in Indian River County; providing

15         requirements with respect thereto; requiring

16         the office to establish the initial effective

17         date of the enterprise zone; creating s.

18         290.0074, F.S.; authorizing Sumter County to

19         apply to the Office of Tourism, Trade, and

20         Economic Development for designation of an

21         enterprise zone; providing requirements;

22         requiring the office to establish an effective

23         date for the designated enterprise zone;

24         creating s. 290.0077, F.S.; authorizing Orange

25         County and the municipality of Apopka to

26         jointly apply to the Office of Tourism, Trade,

27         and Economic Development for designation of an

28         enterprise zone; providing requirements;

29         requiring the office to establish the initial

30         effective date of the enterprise zone;

31         requiring the Office of Program Policy Analysis


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    CS for CS for SB 486                          Second Engrossed



 1         and Government Accountability to conduct a

 2         study of rural enterprise zone issues;

 3         providing an effective date.

 4  

 5  Be It Enacted by the Legislature of the State of Florida:

 6  

 7         Section 1.  Section 290.00710, Florida Statutes, is

 8  created to read:

 9         290.00710  Enterprise zone designation for the City of

10  Lakeland.--The City of Lakeland may apply to the Office of

11  Tourism, Trade, and Economic Development for designation of

12  one enterprise zone for an area within the City of Lakeland,

13  which zone shall encompass an area up to 10 square miles. The

14  application must be submitted by December 31, 2005, and must

15  comply with the requirements of s. 290.0055. Notwithstanding

16  s. 290.0065, limiting the total number of enterprise zones

17  designated and the number of enterprise zones within a

18  population category, the Office of Tourism, Trade, and

19  Economic Development may designate one enterprise zone under

20  this section. The Office of Tourism, Trade, and Economic

21  Development shall establish the initial effective date of the

22  enterprise zone designated pursuant to this section.

23         Section 2.  Section 290.0073, Florida Statutes, is

24  created to read:

25         290.0073  Enterprise zone designation for Indian River

26  County, the City of Vero Beach, and the City of

27  Sebastian.--Indian River County, the City of Vero Beach, and

28  the City of Sebastian may jointly apply to the Office of

29  Tourism, Trade, and Economic Development for designation of

30  one enterprise zone encompassing an area not to exceed 10

31  square miles. The application must be submitted by December


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    CS for CS for SB 486                          Second Engrossed



 1  31, 2005, and must comply with the requirements of s.

 2  290.0055. Notwithstanding the provisions of s. 290.0065

 3  limiting the total number of enterprise zones designated and

 4  the number of enterprise zones within a population category,

 5  the Office of Tourism, Trade, and Economic Development may

 6  designate one enterprise zone under this section. The Office

 7  of Tourism, Trade, and Economic Development shall establish

 8  the initial effective date of the enterprise zone designated

 9  pursuant to this section.

10         Section 3.  Section 290.0074, Florida Statutes, is

11  created to read:

12         290.0074  Enterprise zone designation for Sumter

13  County.--Sumter County may apply to the Office of Tourism,

14  Trade, and Economic Development for designation of one

15  enterprise zone encompassing an area not to exceed 10 square

16  miles. The application must be submitted by December 31, 2005.

17  Notwithstanding the provisions of s. 290.0065 limiting the

18  total number of enterprise zones designated and the number of

19  enterprise zones within a population category, the Office of

20  Tourism, Trade, and Economic Development may designate one

21  enterprise zone under this section. The Office of Tourism,

22  Trade and Economic Development shall establish the initial

23  effective date of the enterprise zone designated pursuant to

24  this section.

25         Section 4.  Section 290.0077, Florida Statutes, is

26  created to read:

27         290.0077  Enterprise zone designation for Orange County

28  and the municipality of Apopka.--Orange County and the

29  municipality of Apopka may jointly apply to the Office of

30  Tourism, Trade, and Economic Development for designation of

31  one enterprise zone. The application must be submitted by


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    CS for CS for SB 486                          Second Engrossed



 1  December 31, 2005, and must comply with the requirements of s.

 2  290.0055. Notwithstanding the provisions of s. 290.0065

 3  limiting the total number of enterprise zones designated and

 4  the number of enterprise zones within a population category,

 5  the Office of Tourism, Trade, and Economic Development may

 6  designate one enterprise zone under this section. The Office

 7  of Tourism, Trade, and Economic Development shall establish

 8  the initial effective date of the enterprise zone designated

 9  pursuant to this section.

10         Section 5.  The Office of Program Policy Analysis and

11  Government Accountability shall conduct an evaluation of the

12  tax incentives available to rural enterprise zones and the

13  effectiveness of rural enterprise zones in creating jobs. In

14  particular, the evaluation must consider whether existing tax

15  and other financial incentives available under the Enterprise

16  Zone Act are appropriate for businesses located in rural

17  enterprise zones and whether incentives such as the transfer

18  of unused tax credits would enhance the effectiveness of rural

19  enterprise zones. The evaluation shall include an estimation

20  of the costs of new tax incentives. The evaluation shall also

21  identify obstacles faced by rural enterprise zones and

22  recommend possible solutions. The Office of Program Policy

23  Analysis and Government Accountability shall conduct its

24  evaluation and make a report containing its findings and

25  recommendations to the Legislature by December 1, 2005.

26         Section 6.  This act shall take effect July 1, 2005.

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