SB 990: Rural Communities
GENERAL BILL by Montford
Rural Communities; Designating the “Florida Rural Community Jobs and Business Resiliency Act”; requiring the Department of Economic Opportunity to accept an application seeking approval as a rural growth fund; prohibiting the department from reducing the investment authority of an application or denying an application for reasons other than the ones listed; providing that a taxpayer who makes an investor contribution is vested with a credit against state premium tax liability; specifying that an out-of-state business relocating employees to this state must satisfy a specific definition within a certain timeframe before a new principal place of business operations is recognized, etc.
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