The Florida Senate

212.0805  Qualification for exemption and credit provided in s. 212.08(5)(b)5.--

(1)  In order to qualify for the exemption and credit provided in s. 212.08(5)(b)5., for machinery and equipment purchased for use in phosphate or other solid minerals severance, mining, or processing operations, an expanding business must demonstrate the following:

(a)  For a business that has 2,500 or fewer Florida employees, the creation of new Florida jobs in an amount equal to at least 5 percent of its Florida employees; or

(b)  For a business that has more than 2,500 Florida employees, the creation of new Florida jobs in an amount equal to at least 3 percent of its Florida employees.

(2)  In order to qualify for the exemption and credit provided in s. 212.08(5)(b)5., for machinery and equipment purchased for use in phosphate or other solid minerals severance, mining, or processing operations, a new business must demonstrate the creation of at least 100 new Florida jobs.

(3)  For purposes of this section, "new Florida job" means a new position created and filled within 24 months after completion of construction of the new or expanded facility and includes a transfer of a position from an existing Florida operation so long as the transfer is the result of the closure or reduction of the other Florida operation. For an expanding business, the number of existing Florida employees shall be determined as of the date on which the business commences construction of the expansion. The Office of Tourism, Trade, and Economic Development shall:

(a)  For an expanding business, document the number of persons employed in Florida by such business as of the date of commencement of construction of the expansion and the number of new Florida jobs created by such business within 24 months following the completion of construction of the expansion;

(b)  For a new business, document the number of new Florida jobs created by such business within 24 months of completion of construction of the new business; and

(c)  Certify such to the Department of Revenue.

History.--s. 2, ch. 99-171.