House Bill 2183

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    Florida House of Representatives - 1999                HB 2183

        By the Committee on Business Development & International
    Trade and Representatives Bradley, Ritchie, Hart, Wallace,
    Sanderson, Betancourt, Prieguez, Russell and Reddick




  1                      A bill to be entitled

  2         An act relating to economic development;

  3         amending s. 14.2015, F.S.; specifying the

  4         programs and funds that the Office of Tourism,

  5         Trade, and Economic Development is authorized

  6         to administer; authorizing the office to expend

  7         interest earned from certain trust fund

  8         investments for program administration;

  9         specifying the duties in connection with which

10         the office may enter into contracts; creating

11         the Office of Urban Opportunity within the

12         Office of Tourism, Trade, and Economic

13         Development and providing its duties; creating

14         s. 14.2019, F.S.; creating the Florida Trade

15         Council within the Executive Office of the

16         Governor; providing for its membership and

17         powers; providing for per diem and travel

18         expenses; directing the council to develop a

19         comprehensive strategic plan and allocate

20         resources to activities and programs that

21         incorporate plan strategies; providing for an

22         executive director and staff; amending s.

23         288.095, F.S.; revising provisions relating to

24         tax refunds paid from the Economic Development

25         Incentive Account; providing a limitation;

26         amending s. 288.1045, F.S., relating to the

27         qualified defense contractor tax refund

28         program; replacing references to the Department

29         of Commerce and the Division of Economic

30         Development with the Office of Tourism, Trade,

31         and Economic Development, and references to the

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  1         Secretary of Commerce with the director of the

  2         office; revising provisions relating to the

  3         limitation on such refunds; extending the

  4         expiration date for certification for such

  5         refunds; amending s. 288.106, F.S., relating to

  6         the tax refund program for qualified target

  7         industry businesses; providing for

  8         determination of number of employees for

  9         businesses registered as a statewide reporting

10         unit; revising requirements to qualify as an

11         expansion of an existing business or a rural

12         county; revising the counties to which the

13         local financial support exemption option

14         applies; revising requirements for determining

15         the amount of tax refund payments; revising the

16         limitations on refunds for projects located in

17         an enterprise zone, rural county, or rural

18         city; authorizing acceptance of a letter from

19         an authorized local economic development agency

20         prior to passage of the required resolution by

21         the local government; authorizing reduction of

22         certain employment requirements for an

23         expanding business in a rural city or county or

24         enterprise zone under certain conditions;

25         revising requirements relating to application

26         approval; authorizing certification of less

27         than allowable refunds under certain

28         conditions; revising requirements relating to

29         the tax refund agreement; authorizing inclusion

30         of the value of county or municipal land

31         conveyed to a business in the required local

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  1         financial support; authorizing the office to

  2         contract with Enterprise Florida, Inc., for

  3         certain administrative duties; amending s.

  4         288.107, F.S.; correcting a reference; creating

  5         the Institute on Urban Policy and Commerce at

  6         Florida Agricultural and Mechanical University

  7         and providing its purposes and duties;

  8         providing for the establishment of regional

  9         urban centers; requiring annual reports by the

10         institute and the Governor; providing

11         legislative findings with respect to attracting

12         certain high-impact business facilities to the

13         state; creating the Florida Economic

14         Opportunities Incentive Fund within the Office

15         of Tourism, Trade, and Economic Development and

16         providing for transfer of certain funds

17         thereto; directing Enterprise Florida, Inc., to

18         evaluate proposals for use of funds for such

19         facilities and make recommendations to the

20         office; requiring approval by the Governor;

21         providing for a contract between the director

22         of the office and an approved business with

23         respect to payment of such funds; requiring

24         Enterprise Florida, Inc., to validate

25         contractor performance; requiring a report;

26         providing legislative findings with respect to

27         the economic health of small communities;

28         providing conditions for determining when a

29         state of economic emergency exists in a

30         community; providing for notification by a

31         local government entity to the Governor, the

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  1         office, and Enterprise Florida, Inc., when such

  2         conditions exist; authorizing the Governor to

  3         waive eligibility criteria for certain programs

  4         or activities and take other action to resolve

  5         the economic emergency; providing effective

  6         dates.

  7

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

  9

10         Section 1.  Paragraph (g) of subsection (2) of section

11  14.2015, Florida Statutes, 1998 Supplement, is amended, and

12  subsection (10) is added to said section, to read:

13         14.2015  Office of Tourism, Trade, and Economic

14  Development; creation; powers and duties.--

15         (2)  The purpose of the Office of Tourism, Trade, and

16  Economic Development is to assist the Governor in working with

17  the Legislature, state agencies, business leaders, and

18  economic development professionals to formulate and implement

19  coherent and consistent policies and strategies designed to

20  provide economic opportunities for all Floridians.  To

21  accomplish such purposes, the Office of Tourism, Trade, and

22  Economic Development shall:

23         (g)1.  Administer the Florida Enterprise Zone Act under

24  ss. 290.001-290.016, the community contribution tax credit

25  program under ss. 220.183 and 624.5105, the tax refund program

26  for qualified target industry businesses under s. 288.106 and

27  for qualified defense contractors under s. 288.1045,

28  high-impact performance incentives under s. 288.108, the base

29  realignment and closure grants under s. 288.980(2)(a), Florida

30  defense planning grants under s. 288.980(3)(a), the Florida

31  Defense Implementation Grant Program under s. 288.980(3)(b),

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  1  military installation reuse planning and marketing grants

  2  under s. 288.980(3)(c), the defense-related business

  3  adjustment grant program under s. 288.980(4), the urban

  4  high-crime area job tax credit under s. 212.097, the rural job

  5  tax credit under s. 212.098, the WAGES pilot matching grant

  6  program under s. 8, chapter 97-278, Laws of Florida, the

  7  silicon technology sales tax exemption under s. 212.08(5)(j),

  8  brownfield redevelopment bonus refunds under s. 288.107, the

  9  brownfield areas loan guarantee program under s. 376.86,

10  expedited permitting under s. 403.973(9), contracts for

11  transportation projects under s. 288.063, the sports franchise

12  facility program under s. 288.1162, the professional golf hall

13  of fame facility program under s. 288.1168, the Florida Jobs

14  Siting Act under ss. 403.950-403.972, the Rural Community

15  Development Revolving Loan Fund under s. 288.065, the Regional

16  Rural Development Grants Program under s. 288.018, the

17  Certified Capital Company Act under s. 288.99, the Florida

18  State Rural Development Council, and the Rural Economic

19  Development Initiative. Notwithstanding the provisions of the

20  laws cited in this subparagraph, the office may expend

21  interest earned from the investment of program funds deposited

22  in the Economic Development Trust Fund, the Grants and

23  Donations Trust Fund, the Brownfield Property Ownership

24  Clearance Assistance Revolving Loan Trust Fund, and the

25  Economic Development Transportation Trust Fund to contract for

26  the administration of the programs, or portions of the

27  programs, enumerated in this subparagraph or similar programs

28  assigned to the office by statute or through the

29  appropriations process.  These expenditures shall be subject

30  to review under chapter 216.

31

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  1         2.  The office may enter into contracts in connection

  2  with the fulfillment of its duties concerning the Florida

  3  First Business Bond Pool under chapter 159, tax incentives

  4  under chapters 212 and 220, tax incentives under the Certified

  5  Capital Company Act in chapter 288, foreign offices under

  6  chapter 288, the Enterprise Zone program under chapter 290,

  7  the Seaport Employment Training program under chapter 311, the

  8  Florida Professional Sports Team License Plates under chapter

  9  320, Spaceport Florida under chapter 331, Job Siting and

10  Expedited Permitting under chapter 403, the Rural Community

11  Development Revolving Loan Fund under s. 288.065, the Regional

12  Rural Development Grants Program under s. 288.018, the

13  Certified Capital Company Act under s. 288.99, the Florida

14  State Rural Development Council, the Rural Economic

15  Development Initiative, the tax refund program for qualified

16  target industry businesses under s. 288.106 and for qualified

17  defense contractors under s. 288.1045, high-impact performance

18  incentives under s. 288.108, the base realignment and closure

19  grants under s. 288.980(2)(a), Florida defense planning grants

20  under s. 288.980(3)(a), the Florida Defense Implementation

21  Grant Program under s. 288.980(3)(b), military installation

22  reuse planning and marketing grants under s. 288.980(3)(c),

23  the defense-related business adjustment grant program under s.

24  288.980(4), the urban high-crime area job tax credit under s.

25  212.097, the rural job tax credit under s. 212.098, the WAGES

26  pilot matching grant program under s. 8, chapter 97-278, Laws

27  of Florida, the silicon technology sales tax exemption under

28  s. 212.08(5)(j), brownfield redevelopment bonus refunds under

29  s. 288.107, the brownfield areas loan guarantee program under

30  s. 376.86, expedited permitting under 403.973(9), contracts

31  for transportation projects under s. 288.063, and in carrying

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  1  out other functions that are specifically assigned to the

  2  office by law or through the appropriations process.

  3         (10)(a)  The Office of Urban Opportunity is created

  4  within the Office of Tourism, Trade, and Economic Development.

  5  The director of the Office of Urban Opportunity shall be

  6  appointed by and serve at the pleasure of the Governor.

  7         (b)  The purpose of the Office of Urban Opportunity

  8  shall be to administer the Front Porch Florida initiative, a

  9  comprehensive, community-based urban core redevelopment

10  program that will empower urban core residents to craft

11  solutions to the unique challenges of each designated

12  community.

13         Section 2.  Section 14.2019, Florida Statutes, is

14  created to read:

15         14.2019  Florida Trade Council.--

16         (1)  The Florida Trade Council is created within the

17  Executive Office of the Governor.  The council shall be

18  responsible for assisting the Governor and Legislature in the

19  establishment and maintenance of this state's global

20  competitiveness by the development of a strategic statewide

21  plan which will incorporate the different components of this

22  state's major international trade and infrastructure programs

23  and assure the strategic integration of each component.

24         (2)(a)  The council shall consist of the following 12

25  members:  the director of the Office of Tourism, Trade, and

26  Economic Development, the Commissioner of Agriculture or his

27  or her designee, the Secretary of State or his or her

28  designee, the Secretary of Transportation or his or her

29  designee, a representative from Enterprise Florida, Inc., a

30  representative from the Florida Seaport Transportation and

31  Economic Development Council, a private sector representative

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  1  to be designated by the President of the Senate, a private

  2  sector representative to be designated by the Speaker of the

  3  House of Representatives, and four private sector members

  4  nominated by the above eight members and appointed by the

  5  Governor.

  6         (b)  The director of the Office of Tourism, Trade, and

  7  Economic Development shall serve as the chair of the council.

  8         (c)  Members appointed by the Governor, representatives

  9  from Enterprise Florida, Inc., and the Florida Seaport

10  Transportation and Economic Development Council, and

11  representatives designated by the President of the Senate and

12  the Speaker of the House of Representatives shall serve for

13  terms of 4 years.  During the initial establishment of the

14  council, the terms of two of the Governor's appointments and

15  the representatives appointed by the President of the Senate

16  and the Speaker of the House of Representatives shall be 2

17  years.

18         (d)  Members of the council shall serve without

19  compensation but are entitled to receive reimbursement for per

20  diem and travel expenses as provided in s. 112.061.

21         (3)(a)  The council shall develop and fund a

22  comprehensive strategic plan for the establishment and

23  maintenance of a statewide international program that

24  contains, at a minimum, the following elements:

25         1.  The international programs of the entities

26  represented on the council, including international and

27  cultural relations plans developed by the Secretary of State

28  pursuant to s. 15.18; the strategic development plan of

29  Enterprise Florida, Inc., developed pursuant to s.

30  288.905(2)(g); and the 5-year Florida Seaport Mission Plan and

31  seaport intermodal projects developed by the Florida Seaport

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  1  Transportation and Economic Development Council pursuant to s.

  2  311.09(3).

  3         2.  A commercial strategy for regions and countries

  4  that are this state's strategic trading partners, as well as

  5  emerging markets that present potential benefits for Florida's

  6  economy.  The plan shall consolidate and improve upon

  7  information obtained from Enterprise Florida, Inc., the

  8  Florida Trade Data Center, local economic development

  9  organizations, and federal databases.

10         3.  Identification of international policy issues

11  relating to economic, social, and cultural matters.

12         4.  Identification of trade development programs that

13  will enhance the capabilities of minority businesses to access

14  global markets.

15         5.  Performance measures to ensure that state funds are

16  expended appropriately and efficiently.

17         (b)  Based on the amount appropriated to the Florida

18  International Trade and Promotion Trust Fund for the council,

19  the council shall allocate appropriate resources to those

20  activities and programs that incorporate the strategies

21  delineated in the plan.  The council shall act as a wholesale

22  agent for such activities and programs, and shall leverage

23  such resources when possible by funding programs, activities,

24  and services of existing state and local service providers

25  that facilitate the strategies delineated in the plan.

26         (4)  The council shall create a transportation

27  improvement plan for economic development projects.

28         (5)  The council shall have all the powers necessary

29  and convenient to carry out and effectuate the purposes and

30  provisions of this section, including, but not limited to, the

31  power to make and enter into contracts and other instruments

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  1  with public or private sector entities for the purpose of

  2  exercising or performing its powers and functions.

  3         (6)  The Governor shall appoint an executive director

  4  who shall serve under the direction, supervision, and control

  5  of the council.  The executive director may employ additional

  6  staff as may be necessary and as authorized by the council.

  7  All employees of the council are exempt from part II of

  8  chapter 110 and shall serve at the pleasure of the council.

  9  The salaries and benefits of all employees of the council

10  shall be set in accordance with the Selected Exempt Service;

11  provided, the council shall have complete authority for fixing

12  the salary of the executive director.

13         Section 3.  Paragraphs (a) and (b) of subsection (3) of

14  section 288.095, Florida Statutes, are amended to read:

15         288.095  Economic Development Trust Fund.--

16         (3)(a)  Contingent upon an annual appropriation by the

17  Legislature, The Office of Tourism, Trade, and Economic

18  Development may approve applications for certification tax

19  refunds pursuant to ss. 288.1045(3), and 288.106(4), and

20  288.107. However, in no case shall the total state share of

21  tax refund payments scheduled in all active certifications for

22  any one fiscal year exceed $35 million. The office may not

23  approve tax refunds in excess of the amount appropriated to

24  the Economic Development Incentives Account for such tax

25  refunds, for a fiscal year pursuant to paragraph (b).

26         (b)  The total amount of tax refund claims refunds

27  approved for payment by the Office of Tourism, Trade, and

28  Economic Development based on actual project performance

29  pursuant to ss. 288.1045, 288.106, and 288.107 shall not

30  exceed the amount appropriated to the Economic Development

31  Incentives Account for such purposes for the fiscal year. In

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  1  the event the Legislature does not appropriate an amount

  2  sufficient to satisfy projections by the office for tax

  3  refunds under ss. 288.1045, 288.106, and 288.107 in a fiscal

  4  year, the Office of Tourism, Trade, and Economic Development

  5  shall, not later than July 15 of such year, determine the

  6  proportion of each refund claim which shall be paid by

  7  dividing the amount appropriated for tax refunds for the

  8  fiscal year by the projected total of refund claims for the

  9  fiscal year. The amount of each claim for a tax refund shall

10  be multiplied by the resulting quotient. If, after the payment

11  of all such refund claims, funds remain in the Economic

12  Development Incentives Account for tax refunds, the office

13  shall recalculate the proportion for each refund claim and

14  adjust the amount of each claim accordingly.

15         Section 4.  Effective June 30, 1999, section 288.1045,

16  Florida Statutes, is amended to read:

17         288.1045  Qualified defense contractor tax refund

18  program.--

19         (1)  DEFINITIONS.--As used in this section:

20         (a)  "Consolidation of a Department of Defense

21  contract" means the consolidation of one or more of an

22  applicant's facilities under one or more Department of Defense

23  contracts either from outside this state or from inside and

24  outside this state, into one or more of the applicant's

25  facilities inside this state.

26         (b)  "Average wage in the area" means the average of

27  all wages and salaries in the state, the county, or in the

28  standard metropolitan area in which the business unit is

29  located.

30         (c)  "Applicant" means any business entity that holds a

31  valid Department of Defense contract or any business entity

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  1  that is a subcontractor under a valid Department of Defense

  2  contract or any business entity that holds a valid contract

  3  for the reuse of a defense-related facility, including all

  4  members of an affiliated group of corporations as defined in

  5  s. 220.03(1)(b).

  6         (d)  "Office" "Division" means the Office of Tourism,

  7  Trade, and Economic Development Division of Economic

  8  Development of the Department of Commerce.

  9         (e)  "Department of Defense contract" means a

10  competitively bid Department of Defense contract or a

11  competitively bid federal agency contract issued on behalf of

12  the Department of Defense for manufacturing, assembling,

13  fabricating, research, development, or design with a duration

14  of 2 or more years, but excluding any contract to provide

15  goods, improvements to real or tangible property, or services

16  directly to or for any particular military base or

17  installation in this state.

18         (f)  "New Department of Defense contract" means a

19  Department of Defense contract entered into after the date

20  application for certification as a qualified applicant is made

21  and after January 1, 1994.

22         (g)  "Jobs" means full-time equivalent positions,

23  consistent with the use of such terms by the Department of

24  Labor and Employment Security for the purpose of unemployment

25  compensation tax, resulting directly from a project in this

26  state. This number does not include temporary construction

27  jobs involved with the construction of facilities for the

28  project.

29         (h)  "Nondefense production jobs" means employment

30  exclusively for activities that, directly or indirectly, are

31  unrelated to the Department of Defense.

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  1         (i)  "Project" means any business undertaking in this

  2  state under a new Department of Defense contract,

  3  consolidation of a Department of Defense contract, or

  4  conversion of defense production jobs over to nondefense

  5  production jobs or reuse of defense-related facilities.

  6         (j)  "Qualified applicant" means an applicant that has

  7  been approved by the director secretary to be eligible for tax

  8  refunds pursuant to this section.

  9         (k)  "Director" "Secretary" means the director of the

10  Office of Tourism, Trade, and Economic Development Secretary

11  of Commerce.

12         (l)  "Taxable year" means the same as in s.

13  220.03(1)(z).

14         (m)  "Fiscal year" means the fiscal year of the state.

15         (n)  "Business unit" means an employing unit, as

16  defined in s. 443.036, that is registered with the Department

17  of Labor and Employment Security for unemployment compensation

18  purposes or means a subcategory or division of an employing

19  unit that is accepted by the Department of Labor and

20  Employment Security as a reporting unit.

21         (o)  "Local financial support" means funding from local

22  sources, public or private, which is paid to the Economic

23  Development Trust Fund and which is equal to 20 percent of the

24  annual tax refund for a qualified applicant. Local financial

25  support may include excess payments made to a utility company

26  under a designated program to allow decreases in service by

27  the utility company under conditions, regardless of when

28  application is made. A qualified applicant may not provide,

29  directly or indirectly, more than 5 percent of such funding in

30  any fiscal year. The sources of such funding may not include,

31  directly or indirectly, state funds appropriated from the

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  1  General Revenue Fund or any state trust fund, excluding tax

  2  revenues shared with local governments pursuant to law.

  3         (p)  "Contract for reuse of a defense-related facility"

  4  means a contract with a duration of 2 or more years for the

  5  use of a facility for manufacturing, assembling, fabricating,

  6  research, development, or design of tangible personal

  7  property, but excluding any contract to provide goods,

  8  improvements to real or tangible property, or services

  9  directly to or for any particular military base or

10  installation in this state. Such facility must be located

11  within a port, as defined in s. 313.21, and have been occupied

12  by a business entity that held a valid Department of Defense

13  contract or occupied by any branch of the Armed Forces of the

14  United States, within 1 year of any contract being executed

15  for the reuse of such facility. A contract for reuse of a

16  defense-related facility may not include any contract for

17  reuse of such facility for any Department of Defense contract

18  for manufacturing, assembling, fabricating, research,

19  development, or design.

20         (q)  "Local financial support exemption option" means

21  the option to exercise an exemption from the local financial

22  support requirement available to any applicant whose project

23  is located in a county designated by the Rural Economic

24  Development Initiative, if the county commissioners of the

25  county in which the project will be located adopt a resolution

26  requesting that the applicant's project be exempt from the

27  local financial support requirement. Any applicant that

28  exercises this option is not eligible for more than 80 percent

29  of the total tax refunds allowed such applicant under this

30  section.

31         (2)  GRANTING OF A TAX REFUND; ELIGIBLE AMOUNTS.--

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  1         (a)  There shall be allowed, from the Economic

  2  Development Trust Fund, a refund to a qualified applicant for

  3  the amount of eligible taxes certified by the director

  4  secretary which were paid by such qualified applicant. The

  5  total amount of refunds for all fiscal years for each

  6  qualified applicant shall be determined pursuant to subsection

  7  (3). The annual amount of a refund to a qualified applicant

  8  shall be determined pursuant to subsection (5).

  9         (b)  A qualified applicant may not be qualified for any

10  project to receive more than $5,000 times the number of jobs

11  provided in the tax refund agreement pursuant to subparagraph

12  (4)(a)1. A qualified applicant may not receive refunds of more

13  than 25 percent of the total tax refunds provided in the tax

14  refund agreement pursuant to subparagraph (4)(a)1. in any

15  fiscal year, provided that no qualified applicant may receive

16  more than $2.5 million in tax refunds pursuant to this section

17  in any fiscal year.

18         (c)  A qualified applicant may not receive more than

19  $7.5 million in tax refunds pursuant to this section in all

20  fiscal years.

21         (d)  Contingent upon an annual appropriation by the

22  Legislature, the director secretary may approve no not more

23  than the lesser of $25 million in tax refunds than or the

24  amount appropriated to the Economic Development Trust Fund for

25  tax refunds, for a fiscal year pursuant to subsection (5) and

26  s. 288.095.

27         (e)  For the first 6 months of each fiscal year, the

28  director secretary shall set aside 30 percent of the amount

29  appropriated for refunds pursuant to this section by the

30  Legislature to provide tax refunds only to qualified

31  applicants who employ 500 or fewer full-time employees in this

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  1  state. Any unencumbered funds remaining undisbursed from this

  2  set-aside at the end of the 6-month period may be used to

  3  provide tax refunds for any qualified applicants pursuant to

  4  this section.

  5         (f)  After entering into a tax refund agreement

  6  pursuant to subsection (4), a qualified applicant may receive

  7  refunds from the Economic Development Trust Fund for the

  8  following taxes due and paid by the qualified applicant

  9  beginning with the applicant's first taxable year that begins

10  after entering into the agreement:

11         1.  Taxes on sales, use, and other transactions paid

12  pursuant to chapter 212.

13         2.  Corporate income taxes paid pursuant to chapter

14  220.

15         3.  Intangible personal property taxes paid pursuant to

16  chapter 199.

17         4.  Emergency excise taxes paid pursuant to chapter

18  221.

19         5.  Excise taxes paid on documents pursuant to chapter

20  201.

21         6.  Ad valorem taxes paid, as defined in s.

22  220.03(1)(a) on June 1, 1996.

23

24  However, a qualified applicant may not receive a tax refund

25  pursuant to this section for any amount of credit, refund, or

26  exemption granted such contractor for any of such taxes. If a

27  refund for such taxes is provided by the office Department of

28  Commerce, which taxes are subsequently adjusted by the

29  application of any credit, refund, or exemption granted to the

30  qualified applicant other than that provided in this section,

31  the qualified applicant shall reimburse the Economic

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  1  Development Trust Fund for the amount of such credit, refund,

  2  or exemption. A qualified applicant must notify and tender

  3  payment to the office Department of Commerce within 20 days

  4  after receiving a credit, refund, or exemption, other than

  5  that provided in this section.

  6         (g)  Any qualified applicant who fraudulently claims

  7  this refund is liable for repayment of the refund to the

  8  Economic Development Trust Fund plus a mandatory penalty of

  9  200 percent of the tax refund which shall be deposited into

10  the General Revenue Fund. Any qualified applicant who

11  fraudulently claims this refund commits a felony of the third

12  degree, punishable as provided in s. 775.082, s. 775.083, or

13  s. 775.084.

14         (h)  Funds made available pursuant to this section may

15  not be expended in connection with the relocation of a

16  business from one community to another community in this state

17  unless the Office of Tourism, Trade, and Economic Development

18  determines that without such relocation the business will move

19  outside this state or determines that the business has a

20  compelling economic rationale for the relocation which creates

21  additional jobs.

22         (3)  APPLICATION PROCESS; REQUIREMENTS; AGENCY

23  DETERMINATION.--

24         (a)  To apply for certification as a qualified

25  applicant pursuant to this section, an applicant must file an

26  application with the office division which satisfies the

27  requirements of paragraphs (b) and (e), paragraphs (c) and

28  (e), or paragraphs (d) and (e). An applicant may not apply for

29  certification pursuant to this section after a proposal has

30  been submitted for a new Department of Defense contract, after

31  the applicant has made the decision to consolidate an existing

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  1  Department of Defense contract in this state for which such

  2  applicant is seeking certification, or after the applicant has

  3  made the decision to convert defense production jobs to

  4  nondefense production jobs for which such applicant is seeking

  5  certification.

  6         (b)  Applications for certification based on the

  7  consolidation of a Department of Defense contract or a new

  8  Department of Defense contract must be submitted to the office

  9  division as prescribed by the office Department of Commerce

10  and must include, but are not limited to, the following

11  information:

12         1.  The applicant's federal employer identification

13  number, the applicant's Florida sales tax registration number,

14  and a notarized signature of an officer of the applicant.

15         2.  The permanent location of the manufacturing,

16  assembling, fabricating, research, development, or design

17  facility in this state at which the project is or is to be

18  located.

19         3.  The Department of Defense contract numbers of the

20  contract to be consolidated, the new Department of Defense

21  contract number, or the "RFP" number of a proposed Department

22  of Defense contract.

23         4.  The date the contract was executed or is expected

24  to be executed, and the date the contract is due to expire or

25  is expected to expire.

26         5.  The commencement date for project operations under

27  the contract in this state.

28         6.  The number of full-time equivalent jobs in this

29  state which are or will be dedicated to the project during the

30  year and the average wage of such jobs.

31

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  1         7.  The total number of full-time equivalent employees

  2  employed by the applicant in this state.

  3         8.  The percentage of the applicant's gross receipts

  4  derived from Department of Defense contracts during the 5

  5  taxable years immediately preceding the date the application

  6  is submitted.

  7         9.  The amount of:

  8         a.  Taxes on sales, use, and other transactions paid

  9  pursuant to chapter 212;

10         b.  Corporate income taxes paid pursuant to chapter

11  220;

12         c.  Intangible personal property taxes paid pursuant to

13  chapter 199;

14         d.  Emergency excise taxes paid pursuant to chapter

15  221;

16         e.  Excise taxes paid on documents pursuant to chapter

17  201; and

18         f.  Ad valorem taxes paid

19

20  during the 5 fiscal years immediately preceding the date of

21  the application, and the projected amounts of such taxes to be

22  due in the 3 fiscal years immediately following the date of

23  the application.

24         10.  The estimated amount of tax refunds to be claimed

25  in each fiscal year.

26         11.  A brief statement concerning the applicant's need

27  for tax refunds, and the proposed uses of such refunds by the

28  applicant.

29         12.  A resolution adopted by the county commissioners

30  of the county in which the project will be located, which

31  recommends the applicant be approved as a qualified applicant,

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  1  and which indicates that the necessary commitments of local

  2  financial support for the applicant exist. Prior to the

  3  adoption of the resolution, the county commission may review

  4  the proposed public or private sources of such support and

  5  determine whether the proposed sources of local financial

  6  support can be provided or, for any applicant whose project is

  7  located in a county designated by the Rural Economic

  8  Development Initiative, a resolution adopted by the county

  9  commissioners of such county requesting that the applicant's

10  project be exempt from the local financial support

11  requirement.

12         13.  Any additional information requested by the office

13  division.

14         (c)  Applications for certification based on the

15  conversion of defense production jobs to nondefense production

16  jobs must be submitted to the office division as prescribed by

17  the office Department of Commerce and must include, but are

18  not limited to, the following information:

19         1.  The applicant's federal employer identification

20  number, the applicant's Florida sales tax registration number,

21  and a notarized signature of an officer of the applicant.

22         2.  The permanent location of the manufacturing,

23  assembling, fabricating, research, development, or design

24  facility in this state at which the project is or is to be

25  located.

26         3.  The Department of Defense contract numbers of the

27  contract under which the defense production jobs will be

28  converted to nondefense production jobs.

29         4.  The date the contract was executed, and the date

30  the contract is due to expire or is expected to expire, or was

31  canceled.

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  1         5.  The commencement date for the nondefense production

  2  operations in this state.

  3         6.  The number of full-time equivalent jobs in this

  4  state which are or will be dedicated to the nondefense

  5  production project during the year and the average wage of

  6  such jobs.

  7         7.  The total number of full-time equivalent employees

  8  employed by the applicant in this state.

  9         8.  The percentage of the applicant's gross receipts

10  derived from Department of Defense contracts during the 5

11  taxable years immediately preceding the date the application

12  is submitted.

13         9.  The amount of:

14         a.  Taxes on sales, use, and other transactions paid

15  pursuant to chapter 212;

16         b.  Corporate income taxes paid pursuant to chapter

17  220;

18         c.  Intangible personal property taxes paid pursuant to

19  chapter 199;

20         d.  Emergency excise taxes paid pursuant to chapter

21  221;

22         e.  Excise taxes paid on documents pursuant to chapter

23  201; and

24         f.  Ad valorem taxes paid

25

26  during the 5 fiscal years immediately preceding the date of

27  the application, and the projected amounts of such taxes to be

28  due in the 3 fiscal years immediately following the date of

29  the application.

30         10.  The estimated amount of tax refunds to be claimed

31  in each fiscal year.

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  1         11.  A brief statement concerning the applicant's need

  2  for tax refunds, and the proposed uses of such refunds by the

  3  applicant.

  4         12.  A resolution adopted by the county commissioners

  5  of the county in which the project will be located, which

  6  recommends the applicant be approved as a qualified applicant,

  7  and which indicates that the necessary commitments of local

  8  financial support for the applicant exist. Prior to the

  9  adoption of the resolution, the county commission may review

10  the proposed public or private sources of such support and

11  determine whether the proposed sources of local financial

12  support can be provided or, for any applicant whose project is

13  located in a county designated by the Rural Economic

14  Development Initiative, a resolution adopted by the county

15  commissioners of such county requesting that the applicant's

16  project be exempt from the local financial support

17  requirement.

18         13.  Any additional information requested by the office

19  division.

20         (d)  Applications for certification based on a contract

21  for reuse of a defense-related facility must be submitted to

22  the office division as prescribed by the office Department of

23  Commerce and must include, but are not limited to, the

24  following information:

25         1.  The applicant's Florida sales tax registration

26  number and a notarized signature of an officer of the

27  applicant.

28         2.  The permanent location of the manufacturing,

29  assembling, fabricating, research, development, or design

30  facility in this state at which the project is or is to be

31  located.

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  1         3.  The business entity holding a valid Department of

  2  Defense contract or branch of the Armed Forces of the United

  3  States that previously occupied the facility, and the date

  4  such entity last occupied the facility.

  5         4.  A copy of the contract to reuse the facility, or

  6  such alternative proof as may be prescribed by the office

  7  department that the applicant is seeking to contract for the

  8  reuse of such facility.

  9         5.  The date the contract to reuse the facility was

10  executed or is expected to be executed, and the date the

11  contract is due to expire or is expected to expire.

12         6.  The commencement date for project operations under

13  the contract in this state.

14         7.  The number of full-time equivalent jobs in this

15  state which are or will be dedicated to the project during the

16  year and the average wage of such jobs.

17         8.  The total number of full-time equivalent employees

18  employed by the applicant in this state.

19         9.  The amount of:

20         a.  Taxes on sales, use, and other transactions paid

21  pursuant to chapter 212.

22         b.  Corporate income taxes paid pursuant to chapter

23  220.

24         c.  Intangible personal property taxes paid pursuant to

25  chapter 199.

26         d.  Emergency excise taxes paid pursuant to chapter

27  221.

28         e.  Excise taxes paid on documents pursuant to chapter

29  201.

30         f.  Ad valorem taxes paid during the 5 fiscal years

31  immediately preceding the date of the application, and the

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  1  projected amounts of such taxes to be due in the 3 fiscal

  2  years immediately following the date of the application.

  3         10.  The estimated amount of tax refunds to be claimed

  4  in each fiscal year.

  5         11.  A brief statement concerning the applicant's need

  6  for tax refunds, and the proposed uses of such refunds by the

  7  applicant.

  8         12.  A resolution adopted by the county commissioners

  9  of the county in which the project will be located, which

10  recommends the applicant be approved as a qualified applicant,

11  and which indicates that the necessary commitments of local

12  financial support for the applicant exist. Prior to the

13  adoption of the resolution, the county commission may review

14  the proposed public or private sources of such support and

15  determine whether the proposed sources of local financial

16  support can be provided or, for any applicant whose project is

17  located in a county designated by the Rural Economic

18  Development Initiative, a resolution adopted by the county

19  commissioners of such county requesting that the applicant's

20  project be exempt from the local financial support

21  requirement.

22         13.  Any additional information requested by the office

23  division.

24         (e)  To qualify for review by the office division, the

25  application of an applicant must, at a minimum, establish the

26  following to the satisfaction of the office division:

27         1.  The jobs proposed to be provided under the

28  application, pursuant to subparagraph (b)6. or subparagraph

29  (c)6., must pay an estimated annual average wage equaling at

30  least 115 percent of the average wage in the area where the

31  project is to be located.

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  1         2.  The consolidation of a Department of Defense

  2  contract must result in a net increase of at least 25 percent

  3  in the number of jobs at the applicant's facilities in this

  4  state or the addition of at least 80 jobs at the applicant's

  5  facilities in this state.

  6         3.  The conversion of defense production jobs to

  7  nondefense production jobs must result in net increases in

  8  nondefense employment at the applicant's facilities in this

  9  state.

10         4.  The Department of Defense contract cannot allow the

11  business to include the costs of relocation or retooling in

12  its base as allowable costs under a cost-plus, or similar,

13  contract.

14         5.  A business unit of the applicant must have derived

15  not less than 70 percent of its gross receipts in this state

16  from Department of Defense contracts over the applicant's last

17  fiscal year, and must have derived not less than 80 percent of

18  its gross receipts in this state from Department of Defense

19  contracts over the 5 years preceding the date an application

20  is submitted pursuant to this section. This subparagraph does

21  not apply to any application for certification based on a

22  contract for reuse of a defense-related facility.

23         6.  The reuse of a defense-related facility must result

24  in the creation of at least 100 jobs at such facility.

25         (f)  Each application meeting the requirements of

26  paragraphs (b) and (e), paragraphs (c) and (e), or paragraphs

27  (d) and (e) must be submitted to the office division for a

28  determination of eligibility. The office division shall

29  review, evaluate, and score each application based on, but not

30  limited to, the following criteria:

31

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  1         1.  Expected contributions to the state strategic

  2  economic development plan adopted by Enterprise Florida, Inc.,

  3  taking into account the extent to which the project

  4  contributes to the state's high-technology base, and the

  5  long-term impact of the project and the applicant on the

  6  state's economy.

  7         2.  The economic benefit of the jobs created or

  8  retained by the project in this state, taking into account the

  9  cost and average wage of each job created or retained, and the

10  potential risk to existing jobs.

11         3.  The amount of capital investment to be made by the

12  applicant in this state.

13         4.  The local commitment and support for the project

14  and applicant.

15         5.  The impact of the project on the local community,

16  taking into account the unemployment rate for the county where

17  the project will be located.

18         6.  The dependence of the local community on the

19  defense industry.

20         7.  The impact of any tax refunds granted pursuant to

21  this section on the viability of the project and the

22  probability that the project will occur in this state if such

23  tax refunds are granted to the applicant, taking into account

24  the expected long-term commitment of the applicant to economic

25  growth and employment in this state.

26         8.  The length of the project, or the expected

27  long-term commitment to this state resulting from the project.

28         (g)  The office division shall forward its written

29  findings and evaluation on each application meeting the

30  requirements of paragraphs (b) and (e), paragraphs (c) and

31  (e), or paragraphs (d) and (e) to the director secretary

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  1  within 60 calendar days of receipt of a complete application.

  2  The office division shall notify each applicant when its

  3  application is complete, and when the 60-day period begins. In

  4  its written report to the director secretary, the office

  5  division shall specifically address each of the factors

  6  specified in paragraph (f), and shall make a specific

  7  assessment with respect to the minimum requirements

  8  established in paragraph (e). The office division shall

  9  include in its report projections of the tax refund claims

10  that will be sought by the applicant in each fiscal year based

11  on the information submitted in the application.

12         (h)  Within 30 days after receipt of the office's

13  division's findings and evaluation, the director secretary

14  shall enter a final order that either approves or disapproves

15  an application. The decision must be in writing and provide

16  the justifications for either approval or disapproval. If

17  appropriate, the director secretary shall enter into a written

18  agreement with the qualified applicant pursuant to subsection

19  (4).

20         (i)  The director secretary may not enter any final

21  order that certifies any applicant as a qualified applicant

22  when the value of tax refunds to be included in that final

23  order exceeds the available amount of authority to enter final

24  orders as determined pursuant to s. 288.095(3) aggregate

25  amount of tax refunds for all qualified applicants projected

26  by the division in any fiscal year exceeds the lesser of $25

27  million or the amount appropriated for tax refunds for that

28  fiscal year. A final order that approves an application must

29  specify the maximum amount of a tax refund that is to be

30  available to the contractor in each fiscal year and the total

31  amount of tax refunds for all fiscal years.

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  1         (j)  This section does not create a presumption that an

  2  applicant should receive any tax refunds under this section.

  3         (4)  QUALIFIED DEFENSE CONTRACTOR TAX REFUND

  4  AGREEMENT.--

  5         (a)  A qualified applicant shall enter into a written

  6  agreement with the office department containing, but not

  7  limited to, the following:

  8         1.  The total number of full-time equivalent jobs in

  9  this state that are or will be dedicated to the qualified

10  applicant's project, the average wage of such jobs, the

11  definitions that will apply for measuring the achievement of

12  these terms during the pendency of the agreement, and a time

13  schedule or plan for when such jobs will be in place and

14  active in this state. This information must be the same as the

15  information contained in the application submitted by the

16  contractor pursuant to subsection (3).

17         2.  The maximum amount of a refund that the qualified

18  applicant is eligible to receive in each fiscal year.

19         3.  An agreement with the office department allowing

20  the office department to review and verify the financial and

21  personnel records of the qualified applicant to ascertain

22  whether the qualified applicant is complying with the

23  requirements of this section.

24         4.  The date after which, each fiscal year, the

25  qualified applicant may file an annual claim pursuant to

26  subsection (5).

27         5.  That local financial support shall be annually

28  available and will be paid to the Economic Development Trust

29  Fund.

30         (b)  Compliance with the terms and conditions of the

31  agreement is a condition precedent for receipt of tax refunds

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  1  each year. The failure to comply with the terms and conditions

  2  of the agreement shall result in the loss of eligibility for

  3  receipt of all tax refunds previously authorized pursuant to

  4  this section, and the revocation of the certification as a

  5  qualified applicant by the director secretary.

  6         (c)  The agreement shall be signed by the director

  7  secretary and the authorized officer of the qualified

  8  applicant.

  9         (d)  The agreement must contain the following legend,

10  clearly printed on its face in bold type of not less than 10

11  points:

12

13         "This agreement is neither a general obligation

14         of the State of Florida, nor is it backed by

15         the full faith and credit of the State of

16         Florida. Payment of tax refunds are conditioned

17         on and subject to specific annual

18         appropriations by the Florida Legislature of

19         funds sufficient to pay amounts authorized in

20         s. 288.1045 288.104, Florida Statutes."

21

22         (5)  ANNUAL CLAIM FOR REFUND FROM A QUALIFIED DEFENSE

23  CONTRACTOR.--

24         (a)  Qualified applicants who have entered into a

25  written agreement with the office department pursuant to

26  subsection (4) and who have entered into a valid new

27  Department of Defense contract, commenced the consolidation of

28  a Department of Defense contract, commenced the conversion of

29  defense production jobs to nondefense production jobs or who

30  have entered into a valid contract for reuse of a

31  defense-related facility may apply once each fiscal year to

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  1  the office Department of Commerce for tax refunds. The

  2  application must be made on or after the date contained in the

  3  agreement entered into pursuant to subsection (4) and must

  4  include a notarized signature of an officer of the applicant.

  5         (b)  The claim for refund by the qualified applicant

  6  must include a copy of all receipts pertaining to the payment

  7  of taxes for which a refund is sought, and data related to

  8  achieving each performance item contained in the tax refund

  9  agreement pursuant to subsection (4). The amount requested as

10  a tax refund may not exceed the amount for the fiscal year in

11  the written agreement entered pursuant to subsection (4).

12         (c)  A tax refund may not be approved for any qualified

13  applicant unless local financial support has been paid to the

14  Economic Development Trust Fund in that fiscal year. If the

15  local financial support is less than 20 percent of the

16  approved tax refund, the tax refund shall be reduced. The tax

17  refund paid may not exceed 5 times the local financial support

18  received. Funding from local sources includes tax abatement

19  under s. 196.1995 provided to a qualified applicant. The

20  amount of any tax refund for an applicant approved under this

21  section shall be reduced by the amount of any such tax

22  abatement, and the limitations in subsection (2) and paragraph

23  (3)(h) shall be reduced by the amount of any such tax

24  abatement. A report listing all sources of the local financial

25  support shall be provided to the office division when such

26  support is paid to the Economic Development Trust Fund.

27         (d)  The director secretary, with assistance from the

28  office division, the Department of Revenue, and the Department

29  of Labor and Employment Security, shall determine the amount

30  of the tax refund that is authorized for the qualified

31  applicant for the fiscal year in a written final order within

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  1  30 days after the date the claim for the annual tax refund is

  2  received by the office Department of Commerce.

  3         (e)  The total amount of tax refunds approved by the

  4  director secretary under this section in any fiscal year may

  5  not exceed the amount appropriated to the Economic Development

  6  Trust Fund for such purposes for the fiscal year. If the

  7  Legislature does not appropriate an amount sufficient to

  8  satisfy projections by the office division for tax refunds in

  9  a fiscal year, the director secretary shall, not later than

10  July 15 of such year, determine the proportion of each refund

11  claim which shall be paid by dividing the amount appropriated

12  for tax refunds for the fiscal year by the projected total

13  amount of refund claims for the fiscal year. The amount of

14  each claim for a tax refund shall be multiplied by the

15  resulting quotient. If, after the payment of all such refund

16  claims, funds remain in the Economic Development Trust Fund

17  for tax refunds, the director secretary shall recalculate the

18  proportion for each refund claim and adjust the amount of each

19  claim accordingly.

20         (f)  Upon approval of the tax refund pursuant to

21  paragraphs (c) and (d), the Comptroller shall issue a warrant

22  for the amount included in the final order. In the event of

23  any appeal of the final order, the Comptroller may not issue a

24  warrant for a refund to the qualified applicant until the

25  conclusion of all appeals of the final order.

26         (g)  A prorated tax refund, less a 5 percent penalty,

27  shall be approved for a qualified applicant provided all other

28  applicable requirements have been satisfied and the applicant

29  proves to the satisfaction of the director that it has

30  achieved at least 80 percent of its projected employment.

31         (6)  ADMINISTRATION.--

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  1         (a)  The office may department shall adopt rules

  2  pursuant to chapter 120 for the administration of this

  3  section.

  4         (b)  The office department may verify information

  5  provided in any claim submitted for tax credits under this

  6  section with regard to employment and wage levels or the

  7  payment of the taxes with the appropriate agency or authority

  8  including the Department of Revenue, the Department of Labor

  9  and Employment Security, or any local government or authority.

10         (c)  To facilitate the process of monitoring and

11  auditing applications made under this program, the office

12  department may provide a list of qualified applicants to the

13  Department of Revenue, the Department of Labor and Employment

14  Security, or to any local government or authority. The office

15  department may request the assistance of said entities with

16  respect to monitoring the payment of the taxes listed in

17  subsection (2).

18         (d)  By December 1 of each year, the office department

19  shall submit a complete and detailed report to the Governor,

20  the President of the Senate, and the Speaker of the House of

21  Representatives of all tax refunds paid under this section,

22  including analyses of benefits and costs, types of projects

23  supported, employment and investment created, geographic

24  distribution of tax refunds granted, and minority business

25  participation.  The report must indicate whether the moneys

26  appropriated by the Legislature to the qualified applicant tax

27  refund program were expended in a prudent, fiducially sound

28  manner.

29         (7)  EXPIRATION.--An applicant may not be certified as

30  qualified under this section after June 30, 2003 1999.

31

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  1         Section 5.  Section 288.106, Florida Statutes, 1998

  2  Supplement, is amended to read:

  3         288.106  Tax refund program for qualified target

  4  industry businesses.--

  5         (1)  LEGISLATIVE FINDINGS AND DECLARATIONS.--The

  6  Legislature finds that attracting, retaining, and providing

  7  favorable conditions for the growth of target industries

  8  provides high-quality employment opportunities for citizens of

  9  this state and enhances the economic foundations of this

10  state. It is the policy of this state to encourage the growth

11  of a high-value-added employment and economic base by

12  providing tax refunds to qualified target industry businesses

13  that create new high-wage employment opportunities in this

14  state by expanding existing businesses within this state or by

15  bringing new businesses to this state.

16         (2)  DEFINITIONS.--As used in this section:

17         (a)  "Account" means the Economic Development

18  Incentives Account within the Economic Development Trust Fund

19  established under s. 288.095.

20         (b)  "Authorized local economic development agency"

21  means any public or private entity, including those defined by

22  s. 288.075(1), authorized by a county or municipality to

23  promote the general business or industrial interests of that

24  county or municipality.

25         (c)(b)  "Average private sector wage in the area" means

26  the statewide private sector average wage or the average of

27  all private sector wages and salaries in the county or in the

28  standard metropolitan area in which the business is located.

29         (d)(c)  "Business" means an employing unit, as defined

30  in s. 443.036, which is registered with the Department of

31  Labor and Employment Security for unemployment compensation

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  1  purposes or a subcategory or division of an employing unit

  2  which is accepted by the Department of Labor and Employment

  3  Security as a reporting unit. In the event a business chooses

  4  to register with the Department of Labor and Employment

  5  Security as a statewide reporting unit, only the employees

  6  located at the physical site of the qualified target industry

  7  project shall be considered employees of the business.

  8         (e)(d)  "Corporate headquarters business" means an

  9  international, national, or regional headquarters office of a

10  multinational or multistate business enterprise or national

11  trade association, whether separate from or connected with

12  other facilities used by such business.

13         (f)(e)  "Office" means the Office of Tourism, Trade,

14  and Economic Development.

15         (g)(f)  "Enterprise zone" means an area designated as

16  an enterprise zone pursuant to s. 290.0065.

17         (h)(g)  "Expansion of an existing business" means the

18  expansion of an existing Florida a business by or through

19  additions to real and personal property on a site colocated

20  with a commercial or industrial operation owned by the same

21  business, resulting in a net increase in employment of not

22  less than 10 percent at such business.

23         (i)(h)  "Fiscal year" means the fiscal year of the

24  state.

25         (j)(i)  "Jobs" means full-time equivalent positions, as

26  such terms are consistent with terms used by the Department of

27  Labor and Employment Security and the United States Department

28  of Labor for purposes of unemployment compensation tax

29  administration and employment estimation, resulting directly

30  from a project in this state. This number shall not include

31  temporary construction jobs involved with the construction of

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  1  facilities for the project or any jobs which have previously

  2  been included in any application for tax refunds under s.

  3  288.104 or this section.

  4         (k)(j)  "Local financial support" means funding from

  5  local sources, public or private, which is paid to the

  6  Economic Development Trust Fund and which is equal to 20

  7  percent of the annual tax refund for a qualified target

  8  industry business. A qualified target industry business may

  9  not provide, directly or indirectly, more than 5 percent of

10  such funding in any fiscal year. The sources of such funding

11  may not include, directly or indirectly, state funds

12  appropriated from the General Revenue Fund or any state trust

13  fund, excluding tax revenues shared with local governments

14  pursuant to law.

15         (l)(k)  "Local financial support exemption option"

16  means the option to exercise an exemption from the local

17  financial support requirement available to any applicant whose

18  project is located in a county with a population of 75,000 or

19  less, or in a county with a population of 100,000 or less

20  which is contiguous to a county with a population of 75,000 or

21  less designated by the Rural Economic Development Initiative.

22  Any applicant that exercises this option shall not be eligible

23  for more than 80 percent of the total tax refunds allowed such

24  applicant under this section.

25         (m)(l)  "New business" means a business which

26  heretofore did not exist in this state, first beginning

27  operations on a site located in this state and clearly

28  separate from any other commercial or industrial operations

29  owned by the same business.

30         (n)(m)  "Project" means the creation of a new business

31  or expansion of an existing business.

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  1         (o)(n)  "Director" means the Director of the Office of

  2  Tourism, Trade, and Economic Development.

  3         (p)(o)  "Target industry business" means a corporate

  4  headquarters business or any business that is engaged in one

  5  of the target industries identified pursuant to the following

  6  criteria developed by the office in consultation with

  7  Enterprise Florida, Inc.:

  8         1.  Future growth.--Industry forecasts should indicate

  9  strong expectation for future growth in both employment and

10  output, according to the most recent available data.  Special

11  consideration should be given to Florida's growing access to

12  international markets or to replacing imports.

13         2.  Stability.--The industry should not be subject to

14  periodic layoffs, whether due to seasonality or sensitivity to

15  volatile economic variables such as weather.  The industry

16  should also be relatively resistant to recession, so that the

17  demand for products of this industry is not necessarily

18  subject to decline during an economic downturn.

19         3.  High wage.--The industry should pay relatively high

20  wages compared to statewide or area averages.

21         4.  Market and resource independent.--The location of

22  industry businesses should not be dependent on Florida markets

23  or resources as indicated by industry analysis.

24         5.  Industrial base diversification and

25  strengthening.--The industry should contribute toward

26  expanding or diversifying the state's or area's economic base,

27  as indicated by analysis of employment and output shares

28  compared to national and regional trends.  Special

29  consideration should be given to industries that strengthen

30  regional economies by adding value to basic products or

31

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  1  building regional industrial clusters as indicated by industry

  2  analysis.

  3         6.  Economic benefits.--The industry should have strong

  4  positive impacts on or benefits to the state and regional

  5  economies.

  6

  7  The office, in consultation with Enterprise Florida, Inc.,

  8  shall develop a list of such target industries annually and

  9  submit such list as part of the final agency legislative

10  budget request submitted pursuant to s. 216.023(1). A target

11  industry business may not include any industry engaged in

12  retail activities; any electrical utility company; any

13  phosphate or other solid minerals severance, mining, or

14  processing operation; any oil or gas exploration or production

15  operation; or any firm subject to regulation by the Division

16  of Hotels and Restaurants of the Department of Business and

17  Professional Regulation.

18         (q)(p)  "Taxable year" means taxable year as defined in

19  s. 220.03(1)(z).

20         (r)(q)  "Qualified target industry business" means a

21  target industry business that has been approved by the

22  director to be eligible for tax refunds pursuant to this

23  section.

24         (s)(r)  "Rural county" means a county with a population

25  of 75,000 or less, or a county with a population of 100,000 or

26  less which is contiguous to a county with a population of

27  75,000 or less.

28         (t)(s)  "Rural city" means a city with a population of

29  10,000 or less, or a city with a population of greater than

30  10,000 but less than 20,000 which has been determined by the

31  Office of Tourism, Trade, and Economic Development to have

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  1  economic characteristics such as, but not limited to, a

  2  significant percentage of residents on public assistance, a

  3  significant percentage of residents with income below the

  4  poverty level, or a significant percentage of the city's

  5  employment base in agriculture-related industries.

  6         (3)  TAX REFUND; ELIGIBLE AMOUNTS.--

  7         (a)  There shall be allowed, from the account, a refund

  8  to a qualified target industry business for the amount of

  9  eligible taxes certified by the director which were paid by

10  such business. The total amount of refunds for all fiscal

11  years for each qualified target industry business must be

12  determined pursuant to subsection (4). The annual amount of a

13  refund to a qualified target industry business must be

14  determined pursuant to subsection (6).

15         (b)  Upon approval by the director, a qualified target

16  industry business shall be allowed tax refund payments equal

17  to $3,000 times the number of jobs specified in the tax refund

18  agreement under subparagraph (5)(a)1., or equal to $6,000

19  times the number of jobs if the project is located in a rural

20  county or city or an enterprise zone. Further, a qualified

21  target industry business shall be allowed additional tax

22  refund payments equal to $1,000 times the number of jobs

23  specified in the tax refund agreement under subparagraph

24  (5)(a)1. if such jobs pay an annual average wage of at least

25  150 percent of the average private sector wage in the area, or

26  equal to $2,000 times the number of jobs if such jobs pay an

27  annual average wage of at least 200 percent of the average

28  private sector wage in the area. The director may approve a

29  qualified target industry business to receive tax refund

30  payments of up to $5,000 times the number of jobs specified in

31  the tax refund agreement under subparagraph (5)(a)1., or up to

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  1  $7,500 times the number of jobs if the project is located in

  2  an enterprise zone. A qualified target industry business may

  3  not receive refund payments of more than 25 percent of the

  4  total tax refunds specified in the tax refund agreement under

  5  subparagraph (5)(a)1. in any fiscal year. Further, a qualified

  6  target industry business may not receive more than $1.5

  7  million in refunds under this section in any single fiscal

  8  year, or more than $3 $2.5 million in any single fiscal year

  9  if the project is located in an enterprise zone, rural county,

10  or rural city. A qualified target industry may not receive

11  more than $5 million in refund payments under this section in

12  all fiscal years, or more than $10 $7.5 million if the project

13  is located in an enterprise zone, rural county, or rural city.

14  Funds made available pursuant to this section may not be

15  expended in connection with the relocation of a business from

16  one community to another community in this state unless the

17  Office of Tourism, Trade, and Economic Development determines

18  that without such relocation the business will move outside

19  this state or determines that the business has a compelling

20  economic rationale for the relocation and that the relocation

21  will create additional jobs.

22         (c)  After entering into a tax refund agreement under

23  subsection (5), a qualified target industry business may

24  receive refunds from the account for the following taxes due

25  and paid by that business beginning with the first taxable

26  year of the business which begins after entering into the

27  agreement:

28         1.  Taxes on sales, use, and other transactions under

29  chapter 212.

30         2.  Corporate income taxes under chapter 220.

31

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  1         3.  Intangible personal property taxes under chapter

  2  199.

  3         4.  Emergency excise taxes under chapter 221.

  4         5.  Excise taxes on documents under chapter 201.

  5         6.  Ad valorem taxes paid, as defined in s. 220.03(1).

  6         7.  Insurance premium tax under s. 624.509.

  7

  8  However, a qualified target industry business may not receive

  9  a refund under this section for any amount of credit, refund,

10  or exemption granted to that business for any of such taxes.

11  If a refund for such taxes is provided by the office, which

12  taxes are subsequently adjusted by the application of any

13  credit, refund, or exemption granted to the qualified target

14  industry business other than as provided in this section, the

15  business shall reimburse the account for the amount of that

16  credit, refund, or exemption. A qualified target industry

17  business shall notify and tender payment to the office within

18  20 days after receiving any credit, refund, or exemption other

19  than one provided in this section.

20         (d)  A qualified target industry business that

21  fraudulently claims a refund under this section:

22         1.  Is liable for repayment of the amount of the refund

23  to the account, plus a mandatory penalty in the amount of 200

24  percent of the tax refund which shall be deposited into the

25  General Revenue Fund.

26         2.  Is guilty of a felony of the third degree,

27  punishable as provided in s. 775.082, s. 775.083, or s.

28  775.084.

29         (4)  APPLICATION AND APPROVAL PROCESS.--

30         (a)  To apply for certification as a qualified target

31  industry business under this section, the business must file

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  1  an application with the office before the business has made

  2  the decision to locate a new business in this state or before

  3  the business had made the decision to expand an existing

  4  business in this state. The application shall include, but is

  5  not limited to, the following information:

  6         1.  The applicant's federal employer identification

  7  number and the applicant's state sales tax registration

  8  number.

  9         2.  The permanent location of the applicant's facility

10  in this state at which the project is or is to be located.

11         3.  A description of the type of business activity or

12  product covered by the project, including four-digit SIC codes

13  for all activities included in the project.

14         4.  The number of full-time equivalent jobs in this

15  state that are or will be dedicated to the project and the

16  average wage of those jobs. If more than one type of business

17  activity or product is included in the project, the number of

18  jobs and average wage for those jobs must be separately stated

19  for each type of business activity or product.

20         5.  The total number of full-time equivalent employees

21  employed by the applicant in this state.

22         6.  The anticipated commencement date of the project.

23         7.  The amount of:

24         a.  Taxes on sales, use, and other transactions paid

25  under chapter 212;

26         b.  Corporate income taxes paid under chapter 220;

27         c.  Intangible personal property taxes paid under

28  chapter 199;

29         d.  Emergency excise taxes paid under chapter 221; and

30         e.  Excise taxes on documents paid under chapter 201.

31

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  1         8.  The estimated amount of tax refunds to be claimed

  2  in each fiscal year.

  3         9.  A brief statement concerning the role that the tax

  4  refunds requested will play in the decision of the applicant

  5  to locate or expand in this state.

  6         10.  An estimate of the proportion of the sales

  7  resulting from the project that will be made outside this

  8  state.

  9         11.  A resolution adopted by the governing board of the

10  county or municipality in which the project will be located,

11  which resolution recommends that certain types of businesses

12  be approved as a qualified target industry business and states

13  that the commitments of local financial support necessary for

14  the target industry business exist. In advance of the passage

15  of such resolution, the office may also accept an official

16  letter from an authorized local economic development agency

17  which endorses the proposed target industry project and

18  pledges that sources of local financial support for such

19  project exist. For the purpose of making pledges of local

20  financial support under this subsection, the authorized local

21  economic development agency shall be officially designated by

22  the passage of a resolution by the local governing authority.

23  Before adoption of the resolution, the governing board may

24  review the proposed public or private sources of such support

25  and determine whether the proposed sources of local financial

26  support can be provided.

27         12.  Any additional information requested by the

28  office.

29         (b)  To qualify for review by the office, the

30  application of a target industry business must, at a minimum,

31  establish the following to the satisfaction of the office:

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  1         1.  The jobs proposed to be provided under the

  2  application, pursuant to subparagraph (a)4., must pay an

  3  estimated annual average wage equaling at least 115 percent of

  4  the average private sector wage in the area where the business

  5  is to be located or the statewide private sector average wage.

  6  The office may waive this average wage requirement at the

  7  request of the local governing body recommending the project

  8  and Enterprise Florida, Inc.  The wage requirement may only be

  9  waived for a project located in a brownfield area designated

10  under s. 376.80 or in a rural city or county or in an

11  enterprise zone and only when the merits of the individual

12  project or the specific circumstances in the community in

13  relationship to the project warrant such action.  If the local

14  governing body and Enterprise Florida, Inc., make such a

15  recommendation, it must be transmitted in writing and the

16  specific justification for the waiver recommendation must be

17  explained.  If the director elects to waive the wage

18  requirement, the waiver must be stated in writing and the

19  reasons for granting the waiver must be explained.

20         2.  The target industry business's project must result

21  in the creation of at least 10 jobs at such project and, if an

22  expansion of an existing business, must result in a net

23  increase in employment of not less than 10 percent at such

24  business. However, at the request of the local governing body

25  recommending the project and Enterprise Florida, Inc., the

26  office may approve an expansion of an existing business under

27  this section in a rural city, a rural county, or an enterprise

28  zone that results in a net increase in employment of less than

29  10 percent at the business if the merits of the individual

30  project or the specific circumstances in the community in

31  relation to the project warrant this action. If the local

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  1  governing body and Enterprise Florida, Inc., make such a

  2  request, it must be transmitted in writing and the specific

  3  justification for the request must be explained. If the

  4  director elects to accept such request, this decision must be

  5  stated in writing and the reasons for granting the request

  6  must be explained.

  7         3.  The business activity or product for the

  8  applicant's project is within an industry or industries that

  9  have been identified by the office to be high-value-added

10  industries that contribute to the area and to the economic

11  growth of the state and that produce a higher standard of

12  living for citizens of this state in the new global economy or

13  that can be shown to make an equivalent contribution to the

14  area and state's economic progress.  The director must approve

15  requests to waive the wage requirement for brownfield areas

16  designated under s. 376.80 unless it is demonstrated that such

17  action is not in the public interest.

18         (c)  Each application meeting the requirements of

19  paragraph (b) must be submitted to the office for

20  determination of eligibility. The office shall review and

21  evaluate each application based on, but not limited to, the

22  following criteria:

23         1.  Expected contributions to the state strategic

24  economic development plan adopted by Enterprise Florida, Inc.,

25  taking into account the long-term effects of the project and

26  of the applicant on the state economy.

27         2.  The economic benefit of the jobs created by the

28  project in this state, taking into account the cost and

29  average wage of each job created.

30         3.  The amount of capital investment to be made by the

31  applicant in this state.

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  1         4.  The local commitment and support for the project.

  2         5.  The effect of the project on the local community,

  3  taking into account the unemployment rate for the county where

  4  the project will be located.

  5         6.  The effect of any tax refunds granted pursuant to

  6  this section on the viability of the project and the

  7  probability that the project will be undertaken in this state

  8  if such tax refunds are granted to the applicant, taking into

  9  account the expected long-term commitment of the applicant to

10  economic growth and employment in this state.

11         7.  The expected long-term commitment to this state

12  resulting from the project.

13         8.  A review of the business's past activities in this

14  state or other states, including whether such business has

15  been subjected to criminal or civil fines and penalties.

16  Nothing in this subparagraph shall require the disclosure of

17  confidential information.

18         (d)  The office shall forward its written findings and

19  evaluation concerning each application meeting the

20  requirements of paragraph (b) to the director within 45

21  calendar days after receipt of a complete application. The

22  office shall notify each target industry business when its

23  application is complete, and of the time when the 45-day

24  period begins. In its written report to the director, the

25  office shall specifically address each of the factors

26  specified in paragraph (c) and shall make a specific

27  assessment with respect to the minimum requirements

28  established in paragraph (b). The office shall include in its

29  report projections of the tax refund claim that will be sought

30  by the target industry business in each fiscal year based on

31  the information submitted in the application.

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  1         (e)1.  Within 30 days after receipt of the office's

  2  findings and evaluation, the director shall issue a letter of

  3  certification enter a final order that either approves or

  4  disapproves the application of the target industry business.

  5  The decision must be in writing and must provide the

  6  justifications for approval or disapproval.

  7         2.  If appropriate, the director shall enter into a

  8  written agreement with the qualified target industry business

  9  pursuant to subsection (5).

10         (f)  The director may not certify enter a final order

11  that certifies any target industry business as a qualified

12  target industry business if the value of tax refunds to be

13  included in that letter of certification final order exceeds

14  the available amount of authority to certify new businesses

15  enter final orders as determined in s. 288.095(3). In the

16  event the commitments of local financial support represent

17  less than 20 percent of the eligible tax refund payments, or

18  to otherwise preserve the viability and fiscal integrity of

19  the program, the director may certify a qualified target

20  industry business to receive tax refund payments of less than

21  the allowable amounts specified in paragraph (3)(b). A letter

22  of certification final order that approves an application must

23  specify the maximum amount of tax refund that will be

24  available to the qualified industry business in each fiscal

25  year and the total amount of tax refunds that will be

26  available to the business for all fiscal years.

27         (g)  Nothing in this section shall create a presumption

28  that an applicant will receive any tax refunds under this

29  section. However, the office may issue nonbinding opinion

30  letters, upon the request of prospective applicants, as to the

31  applicants' eligibility and the potential amount of refunds.

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  1         (5)  TAX REFUND AGREEMENT.--

  2         (a)  Each qualified target industry business must enter

  3  into a written agreement with the office which specifies, at a

  4  minimum:

  5         1.  The total number of full-time equivalent jobs in

  6  this state that will be dedicated to the project, the average

  7  wage of those jobs, the definitions that will apply for

  8  measuring the achievement of these terms during the pendency

  9  of the agreement, and a time schedule or plan for when such

10  jobs will be in place and active in this state. This

11  information must be the same as the information contained in

12  the application submitted by the business under subsection

13  (4).

14         2.  The maximum amount of tax refunds which the

15  qualified target industry business is eligible to receive on

16  the project and the maximum amount of a tax refund that the

17  qualified target industry business is eligible to receive in

18  each fiscal year.

19         3.  That the office may review and verify the financial

20  and personnel records of the qualified target industry

21  business to ascertain whether that business is in compliance

22  with this section.

23         4.  The date after which, in each fiscal year, the

24  qualified target industry business may file an annual claim

25  under subsection (6).

26         5.  That local financial support will be annually

27  available and will be paid to the account. The director may

28  not enter into a written agreement with a qualified target

29  industry business if a local financial support resolution is

30  not passed by the local governing authority within 90 days

31

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  1  after issuance of the letter of certification pursuant to

  2  subsection (4).

  3         (b)  Compliance with the terms and conditions of the

  4  agreement is a condition precedent for the receipt of a tax

  5  refund each year. The failure to comply with the terms and

  6  conditions of the tax refund agreement results in the loss of

  7  eligibility for receipt of all tax refunds previously

  8  authorized under this section and the revocation by the

  9  director of the certification of the business entity as a

10  qualified target industry business.

11         (c)  The agreement must be signed by the director and

12  by an authorized officer of the qualified target industry

13  business within 120 30 days after the issuance of the letter

14  of certification entry of a final order certifying the

15  business entity as a qualified target industry business under

16  subsection (4).

17         (d)  The agreement must contain the following legend,

18  clearly printed on its face in bold type of not less than 10

19  points in size: "This agreement is neither a general

20  obligation of the State of Florida, nor is it backed by the

21  full faith and credit of the State of Florida. Payment of tax

22  refunds are conditioned on and subject to specific annual

23  appropriations by the Florida Legislature of moneys sufficient

24  to pay amounts authorized in section 288.106, Florida

25  Statutes."

26         (6)  ANNUAL CLAIM FOR REFUND.--

27         (a)  A qualified target industry business that has

28  entered into a tax refund agreement with the office under

29  subsection (5) may apply once each fiscal year to the office

30  for a tax refund. The application must be made on or after the

31  date specified in that agreement.

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  1         (b)  The claim for refund by the qualified target

  2  industry business must include a copy of all receipts

  3  pertaining to the payment of taxes for which the refund is

  4  sought and data related to achievement of each performance

  5  item specified in the tax refund agreement. The amount

  6  requested as a tax refund may not exceed the amount specified

  7  for that fiscal year in that agreement.

  8         (c)  A tax refund may not be approved for a qualified

  9  target industry business unless the required local financial

10  support has been paid into the account in that fiscal year. If

11  the local financial support provided is less than 20 percent

12  of the approved tax refund, the tax refund must be reduced. In

13  no event may the tax refund exceed an amount that is equal to

14  5 times the amount of the local financial support received.

15  Further, funding from local sources includes any tax abatement

16  granted to that business under s. 196.1995, or the appraised

17  market value of municipal or county land conveyed or provided

18  at a discount to that business by any county, municipality, or

19  other public entity.; and The amount of any tax refund for

20  such business approved under this section must be reduced by

21  the amount of any such tax abatement granted or the value of

22  the land granted; and the limitations in subsection (3) and

23  paragraph (4)(f) must be reduced by the amount of any such tax

24  abatement or the value of the land granted. A report listing

25  all sources of the local financial support shall be provided

26  to the office when such support is paid to the account.

27         (d)  A prorated tax refund, less a 5-percent penalty,

28  shall be approved for a qualified target industry business

29  provided all other applicable requirements have been satisfied

30  and the business proves to the satisfaction of the director

31

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  1  that it has achieved at least 80 percent of its projected

  2  employment.

  3         (e)  The director, with such assistance as may be

  4  required from the office, the Department of Revenue, or the

  5  Department of Labor and Employment Security, shall specify by

  6  written final order the amount of the tax refund that is

  7  authorized for the qualified target industry business for the

  8  fiscal year within 30 days after the date that the claim for

  9  the annual tax refund is received by the office.

10         (f)  The total amount of tax refund claims refunds

11  approved by the director under this section in any fiscal year

12  must not exceed the amount authorized under s. 288.095(3).

13         (g)  Upon approval of the tax refund under paragraphs

14  (c), (d), and (e), the Comptroller shall issue a warrant for

15  the amount specified in the final order. If the final order is

16  appealed, the Comptroller may not issue a warrant for a refund

17  to the qualified target industry business until the conclusion

18  of all appeals of that order.

19         (7)  ADMINISTRATION.--

20         (a)  The office is authorized to verify information

21  provided in any claim submitted for tax credits under this

22  section with regard to employment and wage levels or the

23  payment of the taxes to the appropriate agency or authority,

24  including the Department of Revenue, the Department of Labor

25  and Employment Security, or any local government or authority.

26         (b)  To facilitate the process of monitoring and

27  auditing applications made under this program, the office may

28  provide a list of qualified target industry businesses to the

29  Department of Revenue, to the Department of Labor and

30  Employment Security, or to any local government or authority.

31  The office may request the assistance of those entities with

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  1  respect to monitoring the payment of the taxes listed in

  2  subsection (3).

  3         (c)  The office may contract with Enterprise Florida,

  4  Inc., for the administration of the program, or portions of

  5  the program, excluding the approval of applications for

  6  certification, the issuance of letters of certification, and

  7  the final authorization for the payment of tax refund claims.

  8         (8)  EXPIRATION.--This section expires June 30, 2004.

  9         Section 6.  Paragraph (e) of subsection (1) of section

10  288.107, Florida Statutes, 1998 Supplement, is amended to

11  read:

12         288.107  Brownfield redevelopment bonus refunds.--

13         (1)  DEFINITIONS.--As used in this section:

14         (e)  "Eligible business" means a qualified target

15  industry business as defined in s. 288.106(2)(o).

16         Section 7.  (1)  There is created the Institute on

17  Urban Policy and Commerce as a Type I Institute under the

18  Board of Regents at Florida Agricultural and Mechanical

19  University to improve the quality of life in urban communities

20  through research, teaching, and outreach activities.

21         (2)  The major purposes of the institute are to pursue

22  basic and applied research on urban policy issues confronting

23  the inner-city areas and neighborhoods in the state; to

24  influence the equitable allocation and stewardship of federal,

25  state, and local financial resources; to train a new

26  generation of civic leaders and university students interested

27  in approaches to community planning and design; to assist with

28  the planning, development, and capacity building of urban area

29  nonprofit organizations and government agencies; to develop

30  and maintain a database relating to inner-city areas; and to

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  1  support the community development efforts of inner-city areas,

  2  neighborhood-based organizations, and municipal agencies.

  3         (3)  The institute shall research and recommend

  4  strategies concerning critical issues facing the underserved

  5  population in urban communities, including, but not limited

  6  to, transportation and physical infrastructure; affordable

  7  housing; tourism and commerce; environmental restoration; job

  8  development and retention; child care; public health;

  9  life-long learning; family intervention; public safety; and

10  community relations.

11         (4)  The institute shall establish regional urban

12  centers to be located in the inner cities of St. Petersburg,

13  Tampa, Jacksonville, Orlando, West Palm Beach, Fort

14  Lauderdale, Miami, Daytona Beach, and Pensacola to assist

15  urban communities on critical economic, social, and

16  educational problems affecting the underserved population.

17         (5)  Before January 1 of each year, the institute shall

18  submit a report of its critical findings and recommendations

19  for the prior year to the President of the Senate, the Speaker

20  of the House of Representatives, and the appropriate

21  committees of the Legislature. The report shall be titled "The

22  State of Unmet Needs in Florida's Urban Communities" and shall

23  include, but is not limited to, a recommended list of

24  resources that could be made available for revitalizing urban

25  communities; significant accomplishments and activities of the

26  institute; and recommendations concerning the expansion,

27  improvement, or termination of the institute.

28         (6)  The Governor shall submit an annual report to the

29  Legislature on the unmet needs in the state's urban

30  communities.

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  1         Section 8.  Florida Economic Opportunities Incentive

  2  Fund.--

  3         (1)(a)  The Legislature finds that attracting,

  4  retaining, and providing favorable conditions for the growth

  5  of certain high-impact business facilities provides widespread

  6  economic benefits to the public through high-quality

  7  employment opportunities in such facilities and in related

  8  facilities attracted to the state, through the increased tax

  9  base provided by the high-impact facility and businesses in

10  related sectors, through an enhanced entrepreneurial climate

11  in the state and the resulting business and employment

12  opportunities, and through the stimulation and enhancement of

13  the state's universities and community colleges. In the global

14  economy, there exists serious and fierce international

15  competition for these facilities, and in most instances, when

16  all available resources for economic development have been

17  used, the state continues to encounter severe competitive

18  disadvantages in vying for these high-impact business

19  facilities.

20         (b)  The Legislature therefore declares that sufficient

21  resources shall be available to respond to extraordinary

22  economic opportunities and to compete effectively for these

23  high-impact business facilities.

24         (2)(a)  There is created within the Office of Tourism,

25  Trade, and Economic Development the Florida Economic

26  Opportunities Incentive Fund.

27         (b)  Upon the approval of the Governor, moneys may be

28  transferred to the Florida Economic Opportunities Incentive

29  Fund from the Working Capital Fund or other unappropriated

30  surplus funds, not to exceed $50 million in any one fiscal

31  year.

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  1         (3)(a)  Enterprise Florida, Inc., shall evaluate

  2  individual proposals for high-impact business facilities and

  3  forward recommendations regarding the use of moneys in the

  4  fund for such facilities to the director of the Office of

  5  Tourism, Trade, and Economic Development. Such evaluation and

  6  recommendation must include, but need not be limited to:

  7         1.  A description of the type of facility, its business

  8  operation, and the product or service associated with the

  9  facility.

10         2.  The number of full-time-equivalent jobs that will

11  be created by the facility and the total estimated average

12  annual wages of those jobs.

13         3.  The cumulative amount of investment to be dedicated

14  to the facility within a specified period.

15         4.  A statement of any special impacts the facility is

16  expected to stimulate in a particular business sector in the

17  state or regional economy or in the state's universities and

18  community colleges.

19         5.  A statement of the role the incentive is expected

20  to play in the decision of the applicant business to locate or

21  expand in this state.

22         (b)  Upon receipt of the evaluation and recommendation

23  from Enterprise Florida, Inc., the director shall recommend

24  approval or disapproval of a project for receipt of funds from

25  the Florida Economic Opportunities Incentive Fund to the

26  Governor. In recommending a high-impact business facility, the

27  director shall include proposed performance conditions that

28  the facility must meet to obtain incentive funds. The Governor

29  shall consult with the President of the Senate and the Speaker

30  of the House of Representatives before giving final approval

31  for a project.

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  1         (c)  Upon the approval of the Governor, the director of

  2  the Office of Tourism, Trade, and Economic Development and the

  3  high-impact business shall enter into a contract that sets

  4  forth the conditions for payment of moneys from the fund. The

  5  contract must include the total amount of funds awarded; the

  6  performance conditions that must be met to obtain the award,

  7  including, but not limited to, net new employment in the

  8  state, average salary, and total capital investment; the

  9  methodology for validating performance; the schedule of

10  payments from the fund; and sanctions for failure to meet

11  performance conditions.

12         (d)  Enterprise Florida, Inc., shall validate

13  contractor performance. Such validation shall be reported

14  within 6 months after completion of the contract to the

15  Governor, the President of the Senate, and the Speaker of the

16  House of Representatives.

17         Section 9.  Response to economic emergencies in small

18  communities.--

19         (1)  The Legislature finds that attracting, retaining,

20  and providing favorable conditions for businesses which

21  contribute to the economic health of small communities through

22  the generation of business and employment opportunities is in

23  the public interest.  The Legislature recognizes that

24  conditions may exist where criteria for existing economic

25  development programs prevent some businesses from

26  participating and that existing criteria should be waived in

27  order to allow businesses which are significant employers in

28  these small communities to participate in these programs in

29  order to improve the economic health of these communities.

30  The Legislature further recognizes that the loss of an

31  industry or the inability of a significant employer to open or

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  1  reopen a business in a small community creates a state of

  2  economic emergency within that community.

  3         (2)  A community is in a state of economic emergency

  4  when any of the following conditions occur:

  5         (a)  Closure of a business which is a significant

  6  employer of workers in the community.

  7         (b)  Closure of a business which significantly affects

  8  the operations of other businesses which are significant

  9  employers of workers in the community.

10         (c)  A business which would be a significant employer

11  of workers in the community is unable to open or reopen due to

12  a lack of economic incentives or a business environment which

13  is not favorable to the opening or reopening of that business.

14         (d)  The community experiences substantial unemployment

15  due to the closure of a major industry.

16         (3)  A local government entity shall notify the

17  Governor, the Office of Tourism, Trade, and Economic

18  Development, and Enterprise Florida, Inc., when one or more of

19  the conditions specified in subsection (2) have occurred or

20  will occur if action is not taken to assist the local

21  governmental entity or the affected community.

22         (4)  Upon notification that one or more of the

23  conditions described in subsection (2) exist, the Governor or

24  his or her designee shall contact the local governmental

25  entity to determine what actions have been taken by the local

26  governmental entity or the affected community to resolve the

27  economic emergency.  The Governor has the authority to waive

28  the eligibility criteria of any program or activity

29  administered by the Office of Tourism, Trade, and Economic

30  Development, or Enterprise Florida, Inc., to provide economic

31  relief to the affected community by granting participation in

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  1  such programs or activities.  The Governor shall consult with

  2  the President of the Senate and the Speaker of the House of

  3  Representatives and shall take other action, as necessary, to

  4  resolve the economic emergency in the most expedient manner

  5  possible.

  6         Section 10.  Except as otherwise provided herein, this

  7  act shall take effect October 1, 1999.

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  1            *****************************************

  2                          HOUSE SUMMARY

  3
      Specifies the programs and funds that the Office of
  4    Tourism, Trade, and Economic Development is authorized to
      administer. Authorizes the office to expend interest
  5    earned from certain trust fund investments for program
      administration. Creates the Office of Urban Opportunity
  6    within the Office of Tourism, Trade, and Economic
      Development and provides its duties. Creates the Florida
  7    Trade Council within the Executive Office of the Governor
      and directs the council to develop a comprehensive
  8    strategic plan and allocate resources to activities and
      programs that incorporate plan strategies.
  9

10    Revises provisions relating to tax refunds paid from the
      Economic Development Incentive Account and provides a
11    limitation.

12
      Updates language with respect to administration of the
13    qualified defense contractor tax refund program by the
      Office of Tourism, Trade, and Economic Development.
14    Revises provisions relating to the limitation on such
      refunds and extends the expiration date for certification
15    for such refunds to 2003.

16
      Revises provisions relating to the tax refund program for
17    qualified target industry businesses. Provides for
      determination of number of employees for businesses
18    registered as a statewide reporting unit. Revises
      requirements to qualify as an expansion of an existing
19    business or a rural county. Revises the counties to which
      the local financial support exemption option applies.
20    Revises requirements for determining the amount of tax
      refund payments. Revises the limitations on refunds for
21    projects located in an enterprise zone, rural county, or
      rural city. Authorizes acceptance of a letter from an
22    authorized local economic development agency prior to
      passage of the required resolution by the local
23    government. Authorizes reduction of certain employment
      requirements for an expanding business in a rural city or
24    county or enterprise zone under certain conditions.
      Revises requirements relating to application approval.
25    Authorizes certification of less than allowable refunds
      under certain conditions. Revises requirements relating
26    to the tax refund agreement. Authorizes inclusion of the
      value of county or municipal land conveyed to a business
27    in the required local financial support. Authorizes the
      office to contract with Enterprise Florida, Inc., for
28    certain administrative duties.

29
      Creates the Institute on Urban Policy and Commerce at
30    Florida Agricultural and Mechanical University. Provides
      for the establishment of regional urban centers. Requires
31    annual reports by the institute and the Governor.

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  1    Provides legislative findings with respect to attracting
      certain high-impact business facilities to the state.
  2    Creates the Florida Economic Opportunities Incentive Fund
      within the Office of Tourism, Trade, and Economic
  3    Development. Directs Enterprise Florida, Inc., to make
      recommendations for use of funds for such facilities.
  4    Upon approval by the Governor, provides for a contract
      between the office and an approved business with respect
  5    to payment of such funds.

  6
      Provides legislative findings with respect to the
  7    economic health of small communities. Provides conditions
      for determining when a state of economic emergency exists
  8    in a community and provides for notification by a local
      government entity to the Governor, the office, and
  9    Enterprise Florida, Inc., when such conditions exist.
      Authorizes the Governor to waive eligibility criteria for
10    certain programs or activities and take other action to
      resolve the economic emergency.
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