Florida Senate - 2012                        COMMITTEE AMENDMENT
       Bill No. SPB 7212
       
       
       
       
       
       
                                Barcode 471610                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  02/16/2012           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Commerce and Tourism (Detert) recommended the
       following:
       
    1         Senate Amendment (with directory and title amendments)
    2  
    3         Between lines 221 and 222
    4  insert:
    5         (7) ANNUAL ALLOCATION OF TAX CREDITS.—
    6         (a) The aggregate amount of the tax credits that may be
    7  certified pursuant to paragraph (3)(d) may not exceed:
    8         1. For fiscal year 2010-2011, $53.5 million.
    9         2. For fiscal year 2011-2012, $74.5 million.
   10         3. For fiscal years 2012-2013, 2013-2014, and 2014-2015,
   11  $42 million per fiscal year.
   12         4. For fiscal year 2015-2016, $53.5 million.
   13         5. For fiscal year 2016-2017, $74.5 million.
   14         6. For fiscal years 2017-2018, 2018-2019, and 2019-2020,
   15  $42 million per fiscal year.
   16         (11) REPEAL.—This section is repealed July 1, 2020 July 1,
   17  2015, except that:
   18         (a) Tax credits certified under paragraph (3)(d) before
   19  July 1, 2015, may be awarded under paragraph (3)(f) on or after
   20  July 1, 2015, if the other requirements of this section are met.
   21         (b) Tax credits for fiscal years 2015-2016 through 2019
   22  2020 may not be certified until July 1, 2015.
   23         (c) Tax credits certified under paragraph (3)(d) before
   24  July 1, 2020, may be awarded under paragraph (3)(f) on or after
   25  July 1, 2020, if the other requirements of this section are met.
   26         (d)(b) Tax credits carried forward under paragraph (4)(e)
   27  remain valid for the period specified.
   28         (e)(c) Subsections (5), (8), and (9) shall remain in effect
   29  until July 1, 2025 July 1, 2020.
   30  
   31  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   32         And the directory clause is amended as follows:
   33         Delete line 20
   34  and insert:
   35  paragraph (b) of subsection (4), paragraph (a) of subsection
   36  (7), and subsection (11) of section 288.1254, Florida
   37  
   38  ================= T I T L E  A M E N D M E N T ================
   39         And the title is amended as follows:
   40         Delete line 14
   41  and insert:
   42         additional credits; providing for tax credits for
   43         fiscal years 2015-2016 through 2019-2020; providing
   44         for applicability of certification of tax credits;
   45         providing for repeal; providing for application;