HOUSE AMENDMENT
                                        Bill No. HB 1749, 2nd Eng.
    Amendment No. ___ (for drafter's use only)
                            CHAMBER ACTION
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11  Representative(s) Johnson offered the following:
12  
13         Amendment to Senate Amendment (801068) (with title
14  amendment) 
15         On page 1, between lines 16 and 17,
16  
17  insert:  
18         Section 1.  If section 35 of chapter 2000-260, Laws of
19  Florida, is repealed by section 58 of said chapter, paragraph
20  (e) of subsection (6) of section 212.20, Florida Statutes, is
21  amended to read:
22         212.20  Funds collected, disposition; additional powers
23  of department; operational expense; refund of taxes
24  adjudicated unconstitutionally collected.--
25         (6)  Distribution of all proceeds under this chapter
26  shall be as follows:
27         (e)  The proceeds of all other taxes and fees imposed
28  pursuant to this chapter shall be distributed as follows:
29         1.  In any fiscal year, the greater of $500 million,
30  minus an amount equal to 4.6 percent of the proceeds of the
31  taxes collected pursuant to chapter 201, or 5 percent of all
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    File original & 9 copies    05/04/01                          
    hbd0001                     05:54 pm         01749-0041-840519

HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 other taxes and fees imposed pursuant to this chapter shall be 2 deposited in monthly installments into the General Revenue 3 Fund. 4 2. Two-tenths of one percent shall be transferred to 5 the Solid Waste Management Trust Fund. 6 3. After the distribution under subparagraphs 1. and 7 2., 9.653 percent of the amount remitted by a sales tax dealer 8 located within a participating county pursuant to s. 218.61 9 shall be transferred into the Local Government Half-cent Sales 10 Tax Clearing Trust Fund. 11 4. After the distribution under subparagraphs 1., 2., 12 and 3., 0.065 percent shall be transferred to the Local 13 Government Half-cent Sales Tax Clearing Trust Fund and 14 distributed pursuant to s. 218.65. 15 5. For proceeds received after July 1, 2000, and after 16 the distributions under subparagraphs 1., 2., 3., and 4., 2.25 17 percent of the available proceeds pursuant to this paragraph 18 shall be transferred monthly to the Revenue Sharing Trust Fund 19 for Counties pursuant to s. 218.215. 20 6. For proceeds received after July 1, 2000, and after 21 the distributions under subparagraphs 1., 2., 3., and 4., 22 1.0715 percent of the available proceeds pursuant to this 23 paragraph shall be transferred monthly to the Revenue Sharing 24 Trust Fund for Municipalities pursuant to s. 218.215. If the 25 total revenue to be distributed pursuant to this subparagraph 26 is at least as great as the amount due from the Revenue 27 Sharing Trust Fund for Municipalities and the Municipal 28 Financial Assistance Trust Fund in state fiscal year 29 1999-2000, no municipality shall receive less than the amount 30 due from the Revenue Sharing Trust Fund for Municipalities and 31 the Municipal Financial Assistance Trust Fund in state fiscal 2 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 year 1999-2000. If the total proceeds to be distributed are 2 less than the amount received in combination from the Revenue 3 Sharing Trust Fund for Municipalities and the Municipal 4 Financial Assistance Trust Fund in state fiscal year 5 1999-2000, each municipality shall receive an amount 6 proportionate to the amount it was due in state fiscal year 7 1999-2000. 8 7. Of the remaining proceeds: 9 a. Beginning July 1, 2000, and in each fiscal year 10 thereafter, the sum of $29,915,500 shall be divided into as 11 many equal parts as there are counties in the state, and one 12 part shall be distributed to each county. The distribution 13 among the several counties shall begin each fiscal year on or 14 before January 5th and shall continue monthly for a total of 4 15 months. If a local or special law required that any moneys 16 accruing to a county in fiscal year 1999-2000 under the 17 then-existing provisions of s. 550.135 be paid directly to the 18 district school board, special district, or a municipal 19 government, such payment shall continue until such time that 20 the local or special law is amended or repealed. The state 21 covenants with holders of bonds or other instruments of 22 indebtedness issued by local governments, special districts, 23 or district school boards prior to July 1, 2000, that it is 24 not the intent of this subparagraph to adversely affect the 25 rights of those holders or relieve local governments, special 26 districts, or district school boards of the duty to meet their 27 obligations as a result of previous pledges or assignments or 28 trusts entered into which obligated funds received from the 29 distribution to county governments under then-existing s. 30 550.135. This distribution specifically is in lieu of funds 31 distributed under s. 550.135 prior to July 1, 2000. 3 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 b. The department shall distribute $166,667 monthly 2 pursuant to s. 288.1162 to each applicant that has been 3 certified as a "facility for a new professional sports 4 franchise" or a "facility for a retained professional sports 5 franchise" pursuant to s. 288.1162. Up to $41,667 shall be 6 distributed monthly by the department to each applicant that 7 has been certified as a "facility for a retained spring 8 training franchise" pursuant to s. 288.1162; however, not more 9 than $208,335 may be distributed monthly in the aggregate to 10 all certified facilities for a retained spring training 11 franchise. Distributions shall begin 60 days following such 12 certification and shall continue for not more than 30 years. 13 Nothing contained in this paragraph shall be construed to 14 allow an applicant certified pursuant to s. 288.1162 to 15 receive more in distributions than actually expended by the 16 applicant for the public purposes provided for in s. 17 288.1162(6). However, a certified applicant is entitled to 18 receive distributions up to the maximum amount allowable and 19 undistributed under this section for additional renovations 20 and improvements to the facility for the franchise without 21 additional certification. 22 c. Beginning 30 days after notice by the Office of 23 Tourism, Trade, and Economic Development to the Department of 24 Revenue that an applicant has been certified as the 25 professional golf hall of fame pursuant to s. 288.1168 and is 26 open to the public, $166,667 shall be distributed monthly, for 27 up to 300 months, to the applicant. 28 d. Beginning 30 days after notice by the Office of 29 Tourism, Trade, and Economic Development to the Department of 30 Revenue that the applicant has been certified as the 31 International Game Fish Association World Center facility 4 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 pursuant to s. 288.1169, and the facility is open to the 2 public, $83,333 shall be distributed monthly, for up to 168 3 months, to the applicant. This distribution is subject to 4 reduction pursuant to s. 288.1169. A lump sum payment of 5 $999,996 shall be made, after certification and before July 1, 6 2000. 7 e. Beginning 30 days after notice by the Office of 8 Tourism, Trade, and Economic Development to the Department of 9 Revenue that an applicant has been certified as a certified 10 sports industry economic development project pursuant to s. 11 288.113, and has generated new sales tax revenues that have 12 been remitted to the state during the prior twelve months, a 13 monthly sales tax reimbursement payment in the amount set 14 forth in the notice by the Office of Tourism, Trade and 15 Economic Development, based on actual sales tax generated over 16 a 12-month period, shall be distributed to the applicant until 17 the certification expires or notice is received by the 18 department from the Office of Tourism, Trade, and Economic 19 Development of a change in the applicant's certification 20 status or in the certified monthly payment amount. The amount 21 of the monthly sales tax reimbursement distribution shall be 22 adjusted beginning 30 days after notice by the Office of 23 Tourism, Trade, and Economic Development that the applicant is 24 to receive a reduced or increased sales tax reimbursement 25 payment. 26 8. All other proceeds shall remain with the General 27 Revenue Fund. 28 Section 2. If section 35 of chapter 2000-260, Laws of 29 Florida, is not repealed by section 58 of said chapter, 30 paragraph (e) of subsection (6) of section 212.20, Florida 31 Statutes, is amended to read: 5 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 212.20 Funds collected, disposition; additional powers 2 of department; operational expense; refund of taxes 3 adjudicated unconstitutionally collected.-- 4 (6) Distribution of all proceeds under this chapter 5 and s. 202.18(1)(b) and (2)(b) shall be as follows: 6 (e) The proceeds of all other taxes and fees imposed 7 pursuant to this chapter or remitted pursuant to s. 8 202.18(1)(b) and (2)(b) shall be distributed as follows: 9 1. In any fiscal year, the greater of $500 million, 10 minus an amount equal to 4.6 percent of the proceeds of the 11 taxes collected pursuant to chapter 201, or 5 percent of all 12 other taxes and fees imposed pursuant to this chapter or 13 remitted pursuant to s. 202.18(1)(b) and (2)(b) shall be 14 deposited in monthly installments into the General Revenue 15 Fund. 16 2. Two-tenths of one percent shall be transferred to 17 the Solid Waste Management Trust Fund. 18 3. After the distribution under subparagraphs 1. and 19 2., 9.653 percent of the amount remitted by a sales tax dealer 20 located within a participating county pursuant to s. 218.61 21 shall be transferred into the Local Government Half-cent Sales 22 Tax Clearing Trust Fund. 23 4. After the distribution under subparagraphs 1., 2., 24 and 3., 0.065 percent shall be transferred to the Local 25 Government Half-cent Sales Tax Clearing Trust Fund and 26 distributed pursuant to s. 218.65. 27 5. For proceeds received after July 1, 2000, and after 28 the distributions under subparagraphs 1., 2., 3., and 4., 2.25 29 percent of the available proceeds pursuant to this paragraph 30 shall be transferred monthly to the Revenue Sharing Trust Fund 31 for Counties pursuant to s. 218.215. 6 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 6. For proceeds received after July 1, 2000, and after 2 the distributions under subparagraphs 1., 2., 3., and 4., 3 1.0715 percent of the available proceeds pursuant to this 4 paragraph shall be transferred monthly to the Revenue Sharing 5 Trust Fund for Municipalities pursuant to s. 218.215. If the 6 total revenue to be distributed pursuant to this subparagraph 7 is at least as great as the amount due from the Revenue 8 Sharing Trust Fund for Municipalities and the Municipal 9 Financial Assistance Trust Fund in state fiscal year 10 1999-2000, no municipality shall receive less than the amount 11 due from the Revenue Sharing Trust Fund for Municipalities and 12 the Municipal Financial Assistance Trust Fund in state fiscal 13 year 1999-2000. If the total proceeds to be distributed are 14 less than the amount received in combination from the Revenue 15 Sharing Trust Fund for Municipalities and the Municipal 16 Financial Assistance Trust Fund in state fiscal year 17 1999-2000, each municipality shall receive an amount 18 proportionate to the amount it was due in state fiscal year 19 1999-2000. 20 7. Of the remaining proceeds: 21 a. Beginning July 1, 2000, and in each fiscal year 22 thereafter, the sum of $29,915,500 shall be divided into as 23 many equal parts as there are counties in the state, and one 24 part shall be distributed to each county. The distribution 25 among the several counties shall begin each fiscal year on or 26 before January 5th and shall continue monthly for a total of 4 27 months. If a local or special law required that any moneys 28 accruing to a county in fiscal year 1999-2000 under the 29 then-existing provisions of s. 550.135 be paid directly to the 30 district school board, special district, or a municipal 31 government, such payment shall continue until such time that 7 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 the local or special law is amended or repealed. The state 2 covenants with holders of bonds or other instruments of 3 indebtedness issued by local governments, special districts, 4 or district school boards prior to July 1, 2000, that it is 5 not the intent of this subparagraph to adversely affect the 6 rights of those holders or relieve local governments, special 7 districts, or district school boards of the duty to meet their 8 obligations as a result of previous pledges or assignments or 9 trusts entered into which obligated funds received from the 10 distribution to county governments under then-existing s. 11 550.135. This distribution specifically is in lieu of funds 12 distributed under s. 550.135 prior to July 1, 2000. 13 b. The department shall distribute $166,667 monthly 14 pursuant to s. 288.1162 to each applicant that has been 15 certified as a "facility for a new professional sports 16 franchise" or a "facility for a retained professional sports 17 franchise" pursuant to s. 288.1162. Up to $41,667 shall be 18 distributed monthly by the department to each applicant that 19 has been certified as a "facility for a retained spring 20 training franchise" pursuant to s. 288.1162; however, not more 21 than $208,335 may be distributed monthly in the aggregate to 22 all certified facilities for a retained spring training 23 franchise. Distributions shall begin 60 days following such 24 certification and shall continue for not more than 30 years. 25 Nothing contained in this paragraph shall be construed to 26 allow an applicant certified pursuant to s. 288.1162 to 27 receive more in distributions than actually expended by the 28 applicant for the public purposes provided for in s. 29 288.1162(6). However, a certified applicant is entitled to 30 receive distributions up to the maximum amount allowable and 31 undistributed under this section for additional renovations 8 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 and improvements to the facility for the franchise without 2 additional certification. 3 c. Beginning 30 days after notice by the Office of 4 Tourism, Trade, and Economic Development to the Department of 5 Revenue that an applicant has been certified as the 6 professional golf hall of fame pursuant to s. 288.1168 and is 7 open to the public, $166,667 shall be distributed monthly, for 8 up to 300 months, to the applicant. 9 d. Beginning 30 days after notice by the Office of 10 Tourism, Trade, and Economic Development to the Department of 11 Revenue that the applicant has been certified as the 12 International Game Fish Association World Center facility 13 pursuant to s. 288.1169, and the facility is open to the 14 public, $83,333 shall be distributed monthly, for up to 168 15 months, to the applicant. This distribution is subject to 16 reduction pursuant to s. 288.1169. A lump sum payment of 17 $999,996 shall be made, after certification and before July 1, 18 2000. 19 e. Beginning 30 days after notice by the Office of 20 Tourism, Trade, and Economic Development to the Department of 21 Revenue that an applicant has been certified as a certified 22 sports industry economic development project pursuant to s. 23 288.113, and has generated new sales tax revenues that have 24 been remitted to the state during the prior twelve months, a 25 monthly sales tax reimbursement payment in the amount set 26 forth in the notice by the Office of Tourism, Trade and 27 Economic Development, based on actual sales tax generated over 28 a 12-month period, shall be distributed to the applicant until 29 the certification expires or notice is received by the 30 department from the Office of Tourism, Trade, and Economic 31 Development of a change in the applicant's certification 9 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 status or in the certified monthly payment amount. The amount 2 of the monthly sales tax reimbursement distribution shall be 3 adjusted beginning 30 days after notice by the Office of 4 Tourism, Trade, and Economic Development that the applicant is 5 to receive a reduced or increased sales tax reimbursement 6 payment. 7 8. All other proceeds shall remain with the General 8 Revenue Fund. 9 Section 3. Paragraph (k) of subsection (7) of section 10 213.053, Florida Statutes, is amended to read: 11 213.053 Confidentiality and information sharing.-- 12 (7) Notwithstanding any other provision of this 13 section, the department may provide: 14 (k) Payment information relative to chapters 199, 201, 15 212, 220, and 221 to the Office of Tourism, Trade, and 16 Economic Development in its administration of the tax refund 17 program for qualified defense contractors authorized by s. 18 288.1045, and the tax refund program for qualified target 19 industry businesses authorized by s. 288.106, and the sales 20 tax reimbursement program for certified sports industry 21 economic development projects authorized by s. 288.113. 22 Section 4. Section 288.113, Florida Statutes, is 23 created to read: 24 288.113 Tax reimbursement program for certified sports 25 industry economic development projects.-- 26 (1) LEGISLATIVE FINDINGS AND DECLARATIONS.--The 27 Legislature finds that attracting, retaining, and providing 28 favorable conditions for the growth of certified sports 29 industry economic development projects provides high-quality 30 employment opportunities for residents of the state, increases 31 tourism, and enhances the economic foundations of the state. 10 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 It is the policy of the state to encourage the growth of 2 high-value-added employment to the economic base by providing 3 a sales tax reimbursement to certified sports industry 4 economic development projects that create new employment 5 opportunities and generate new sales tax dollars by expanding 6 businesses within the state or by bringing new businesses to 7 the state. 8 (2) DEFINITIONS.--As used in this section: 9 (a) "Certified sports industry economic development 10 project" or "project" means any amateur sports business that 11 develops, operates, attracts, and retains multiyear amateur 12 sporting events that generate new sales taxes for the state, 13 has submitted a properly completed application to the Office 14 of Tourism, Trade, and Economic Development, and has 15 subsequently been certified by that office as a certified 16 sports industry economic development project. 17 (b) "Sales tax reimbursement" means the monthly amount 18 to be distributed through a reimbursement to a certified 19 sports industry economic development project pursuant to s. 20 212.20. Such amount shall be determined by the Office of 21 Tourism, Trade, and Economic Development as provided in this 22 section. 23 (3) AMATEUR SPORTS BUSINESS ELIGIBLE TO APPLY.-- 24 (a) Any amateur sports business that develops, 25 operates, attracts, and retains multiyear amateur sporting 26 events that generate new sales taxes for the state may submit 27 to the Office of Tourism, Trade, and Economic Development an 28 application for approval as a certified sports industry 29 economic development project for the purpose of receiving a 30 sales tax reimbursement on new sales taxes generated by 31 increased new business and tourism activity directly 11 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 attributable to the proposed amateur sports industry economic 2 development project. 3 (b) The number of certified sports industry economic 4 development projects shall not exceed three until June 30, 5 2006, and thereafter only one new certified sports industry 6 economic development project may be certified by the Office of 7 Tourism, Trade, and Economic Development each year. 8 (4) SALES TAX REIMBURSEMENT AND AUTHORIZED 9 AMOUNT.--Pursuant to s. 212.20, each certified sports industry 10 economic development project shall be eligible for a monthly 11 distribution of its sales tax reimbursement in the amount 12 determined by its sales tax reimbursement agreement with the 13 Office of Tourism, Trade, and Economic Development. The 14 amount shall be based on new sales tax revenues generated 15 under chapter 212 by increased new business and tourism 16 activity directly attributable to the project as determined 17 using the sports economic impact model and, subject to other 18 restrictions, returns 50 percent of that amount to the 19 project. The total amount of sales tax reimbursement for all 20 fiscal years estimated for each project shall not exceed 50 21 percent of the cost of the project as determined by the Office 22 of Tourism, Trade, and Economic Development in the 23 certification process set forth in subsection (6). The 24 annualized amount of the monthly distribution shall be 25 calculated by the Office of Tourism, Trade, and Economic 26 Development and specified in the applicant's sales tax 27 reimbursement agreement. Annual payment amounts shall be no 28 less than $500,000 and no more than $2 million, unless the 29 Office of Tourism, Trade, and Economic Development reduces 30 payments below $500,000 under its authority to decertify a 31 project as discussed in subsection (6). 12 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 (5) AUTHORIZED USE OF SALES TAX REIMBURSEMENT 2 PAYMENTS.--After entering into a sales tax reimbursement 3 agreement under subsection (7), a certified sports industry 4 economic development project may receive a sales tax 5 reimbursement for: 6 (a) Developing and implementing any component of the 7 project's sports events and activities; 8 (b) Constructing, reconstructing, renovating, 9 furnishing, equipping, or operating the project's facilities 10 or events; 11 (c) Pledging payments or debt service on or funding 12 debt service reserve funds, arbitrage rebate obligations, or 13 other amounts payable with respect to bonds for the project's 14 activities and facilities; or 15 (d) Paying the cost of relocating the project's 16 corporate headquarters into the state. 17 (6) CERTIFICATION, RECERTIFICATION, AND 18 DECERTIFICATION PROCEDURE.-- 19 (a) The Office of Tourism, Trade, and Economic 20 Development shall establish a certification process by which a 21 proposed amateur sports industry economic development project 22 may be approved by the office as a certified sports industry 23 economic development project that is eligible to receive 24 economic development incentives in the form of a sales tax 25 reimbursement of a percentage of new sales taxes that have 26 been generated and remitted to the state as a result of the 27 certified sports industry economic development project. 28 (b) Before certifying an applicant under this 29 subsection, the Office of Tourism, Trade, and Economic 30 Development shall determine that the applicant has: 31 1. Completed an independent analysis or study, 13 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 verified by the Office of Tourism, Trade, and Economic 2 Development, which demonstrates that the proposed amateur 3 sports industry economic development project will generate a 4 minimum of $1 million annually in new sales tax revenues over 5 a multiyear period. 6 2. Received commitments for amateur sports activities 7 which demonstrate that the proposed amateur sports economic 8 development project will bring to this state on a multiyear 9 basis new proposed amateur sports economic development project 10 activities that will generate a minimum of $1 million in new 11 sales tax revenues annually, as verified by the Office of 12 Tourism, Trade, and Economic Development. 13 3. Demonstrated that the applicant has provided, is 14 capable of providing, or has financial or other commitments to 15 provide more than one-half of the costs incurred in or related 16 to the development of the proposed amateur sports industry 17 economic development project. 18 (c) An amateur sports business that has previously 19 been certified under this section and has received a sales tax 20 reimbursement under that certification is ineligible for 21 additional certification. 22 (d) Upon determining that a proposed amateur sports 23 industry economic development project meets the established 24 criteria for approval as a certified sports industry economic 25 development project and qualifies for a sales tax 26 reimbursement, the Office of Tourism, Trade, and Economic 27 Development shall issue to the applicant a letter of 28 certification that stipulates the terms of the sales tax 29 reimbursement agreement and the penalties for failing to 30 comply with those terms. 31 (e) The Office of Tourism, Trade, and Economic 14 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 Development shall deny the application of an amateur sports 2 business to be a certified sports industry economic 3 development project if the office determines that the proposed 4 project does not meet the established criteria for approval. 5 (f) The Office of Tourism, Trade, and Economic 6 Development shall develop a standardized form for an amateur 7 sports business to complete in applying for certification as a 8 certified sports industry economic development project. The 9 application shall include, but shall not be limited to, 10 relevant information on employment and job creation, proposed 11 budgets, contracts for multiyear events and projects, project 12 financing, and other information requested by the office. The 13 application may be distributed to applicants by the Office of 14 Tourism, Trade, and Economic Development, and all completed 15 applications shall be processed by the office. 16 (g) Initial certification for a sales tax 17 reimbursement under this section is valid for 120 months. 18 Subsequent to the initial certification period, the certified 19 sports industry economic development project is eligible for 20 two periods of recertification, each of which is valid for 60 21 months. A project shall request recertification 12 months 22 before the expiration of the certificate. 23 (h) A certified sports industry economic development 24 project may request recertification after the initial 25 certification period to be requalified for certification as a 26 certified sports industry economic development project for a 27 period not to exceed 240 months. 28 (i) The Office of Tourism, Trade, and Economic 29 Development shall recertify, before the end of the first 30 10-year period, that the certified sports industry economic 31 development project is operational and that the project is 15 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 meeting the minimum projections for sales tax revenues as 2 required at the time of original certification. If the project 3 is not recertified during this 10-year review period as 4 meeting the minimum projections, funding shall be adjusted 5 until certification criteria are met. If the project fails to 6 generate annual sales tax revenues pursuant to its sales tax 7 reimbursement agreement with the Office of Tourism, Trade, and 8 Economic Development, the amount of revenues distributed to 9 the project under s. 212.20(6)(e)7.e. shall be reduced to the 10 amount of the taxes collected times 50 percent. If, for 2 11 consecutive years, the amount of tax revenues collected falls 12 below a minimum of $1 million per year, the project may be 13 decertified at the discretion of the Office of Tourism, Trade, 14 and Economic Development. Such a reduction shall remain in 15 effect until the sales tax revenues generated by the project 16 in a 12-month period equal or exceed $1 million. 17 (j) A project may be decertified if the Office of 18 Tourism, Trade, and Economic Development determines that the 19 amateur sports business can no longer maintain its economic 20 development activities in this state. If the project is no 21 longer in existence, or is no longer viable, as determined by 22 the project's sales tax reimbursement agreement with the 23 Office of Tourism, Trade, and Economic Development, or if the 24 project has the certificate for purposes other than those 25 authorized by this section and chapter 212, the Office of 26 Tourism, Trade, and Economic Development shall notify the 27 Department of Revenue to suspend payment for a period of 6 28 months until the project is either in compliance with the 29 sales tax reimbursement agreement or is determined to be in 30 default. In addition to other penalties imposed by law, any 31 person who knowingly and willfully falsifies an application 16 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 for purposes other than those authorized by this section 2 commits a felony of the third degree, punishable as provided 3 in s. 775.082, s. 775.083, or s. 775.084. 4 (k) The Office of Tourism, Trade, and Economic 5 Development shall provide written notification to the 6 Department of Revenue of all certifications, recertifications, 7 and decertifications of projects and of the sales tax 8 reimbursement distribution amount each project is entitled to 9 receive. 10 (l) The Office of Tourism, Trade, and Economic 11 Development shall develop rules for the receipt and processing 12 of applications for funding pursuant to s. 212.20. 13 (7) SALES TAX REIMBURSEMENT AGREEMENT TERMS.-- 14 (a) In order to qualify for sales tax reimbursement 15 from the state, each certified sports industry economic 16 development project shall enter into a written agreement with 17 the Office of Tourism, Trade, and Economic Development which 18 specifies, at a minimum: 19 1. The total number of full-time-equivalent jobs 20 created in or transferred to this state as a direct result of 21 the project, the average wage paid for those jobs, the 22 criteria that will apply to measuring the achievement of these 23 terms during the effective period of the agreement, and a time 24 schedule or plan for when such jobs will be in place and 25 operative in the state. 26 2. The maximum amount of new sales taxes estimated to 27 be generated as a result of the project, the maximum amount of 28 sales tax reimbursement that the project is eligible to 29 receive, and the maximum amount of sales tax reimbursement 30 that the project is requesting. 31 3. The budgets, financing, projections, and cost 17 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 estimates for the sports activities and projects for which 2 reimbursement is sought. 3 (b) Compliance with the terms and conditions of the 4 sales tax reimbursement agreement is a condition precedent for 5 receiving a sales tax reimbursement each year. The terms and 6 timeframe of the agreement shall be commensurate with the 7 duration of the certification period. Failure to comply with 8 the terms and conditions of the sales tax reimbursement 9 agreement shall result in an immediate review by the Office of 10 Tourism, Trade, and Economic Development of the activities of 11 the project. 12 (c) The sales tax reimbursement shall not exceed 50 13 percent of the total project costs, amortized over a period 14 not to exceed 20 years. 15 (d) Sales tax reimbursement may be provided through 16 direct payment or other means of payment to the certified 17 sports industry economic development project, as determined in 18 the sales tax reimbursement agreement with the approval of the 19 Department of Revenue. 20 (8) ADMINISTRATION.-- 21 (a) The Office of Tourism, Trade, and Economic 22 Development may verify information provided in any claim for 23 sales tax reimbursement under this section, including 24 information regarding employment and wage levels or the 25 payment of taxes under chapter 212 to the appropriate agency, 26 including the Department of Revenue, the Agency for Workforce 27 Innovation, or the appropriate local government or authority. 28 (b) To facilitate the process of monitoring and 29 auditing applications made under this program, the Office of 30 Tourism, Trade, and Economic Development may request 31 information necessary for determining a project's compliance 18 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 with this section from the Department of Revenue, the Agency 2 for Workforce Innovation, or any local government or 3 authority. These governmental entities shall provide 4 assistance in the areas within their scope of 5 responsibilities. 6 (c) The Department of Revenue may audit as provided in 7 s. 213.34 to verify that the distributions pursuant to this 8 section have been expended as required in this section. 9 (9) RELATIONSHIP OF SALES TAX REIMBURSEMENTS TO SPORTS 10 INDUSTRY GROWTH; REPORT TO THE LEGISLATURE.--Beginning January 11 1, 2003, the Office of Tourism, Trade, and Economic 12 Development shall maintain records based on information 13 provided on taxpayer applications for certified sports 14 industry economic development projects that receive sales tax 15 reimbursements. These records shall include a statement of the 16 percentage of the overall new economic impact generated by 17 certified sports industry economic development projects and 18 the amount of funds annually reimbursed to such projects. In 19 addition, the Office of Tourism, Trade, and Economic 20 Development shall maintain data showing the annual growth in 21 Florida-based amateur sports industry businesses and the 22 number of persons employed and wages paid by such businesses. 23 The Office of Tourism, Trade, and Economic Development shall 24 report this information to the Legislature annually, no later 25 than December 1. 26 Section 5. Subsection (1) of section 288.1229, Florida 27 Statutes, is amended to read: 28 288.1229 Promotion and development of sports-related 29 industries and amateur athletics; direct-support organization; 30 powers and duties.-- 31 (1) The Office of Tourism, Trade, and Economic 19 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 Development may authorize a direct-support organization to 2 assist the office in: 3 (a) The promotion and development of the sports 4 industry and related industries for the purpose of improving 5 the economic presence of these industries in Florida. 6 (b) The promotion of amateur athletic participation 7 for the citizens of Florida and the promotion of Florida as a 8 host for national and international amateur athletic 9 competitions for the purpose of encouraging and increasing the 10 direct and ancillary economic benefits of amateur athletic 11 events and competitions. 12 (c) The attraction of amateur sports industry economic 13 development projects to this state for the purposes set forth 14 in paragraphs (a) and (b), as well as for the purposes of 15 increasing national and international media promotions and 16 attention, promoting the quality of life in the state, and 17 promoting tourism, which will have a positive effect on 18 expanding the tax base as well as creating new jobs in the 19 state. 20 21 22 ================ T I T L E A M E N D M E N T =============== 23 And the title is amended as follows: 24 On page 20, line 12, after"Board;" of the amendment 25 26 insert: 27 amending s. 212.20, F.S.; providing for the 28 Department of Revenue to distribute sales tax 29 reimbursements to certified sports industry 30 economic development projects under certain 31 circumstances; amending s. 213.053, F.S.; 20 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 extending the current information sharing with 2 the Office of Tourism, Trade, and Economic 3 Development to include the sales tax 4 reimbursement program for certified sports 5 industry economic development projects; 6 creating s. 288.113, F.S.; creating a tax 7 reimbursement program for certified sports 8 industry economic development projects; 9 providing legislative findings and 10 declarations; providing definitions; providing 11 eligibility criteria for amateur sports 12 businesses; prescribing the terms and amounts 13 of tax reimbursements; providing a 14 certification procedure, to be established and 15 administered by the Office of Tourism, Trade, 16 and Economic Development; providing for 17 periodic recertification; abating or reducing 18 funding in specified circumstances; providing a 19 maximum number of years for which an amateur 20 sports business may be certified; providing for 21 decertification; providing a penalty for 22 falsifying an application; providing for a tax 23 reimbursement agreement and prescribing terms 24 of the agreement; providing for annual claims 25 for reimbursement; providing duties of the 26 Department of Revenue; providing for 27 administration of the program; providing for 28 recordkeeping and submission of an annual 29 report to the Legislature; amending s. 30 288.1229, F.S.; providing an additional purpose 31 for which the Office of Tourism, Trade, and 21 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519
HOUSE AMENDMENT Bill No. HB 1749, 2nd Eng. Amendment No. ___ (for drafter's use only) 1 Economic Development may authorize a 2 direct-support organization to assist the 3 office; providing for the creation of new jobs 4 in this state; 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 22 File original & 9 copies 05/04/01 hbd0001 05:54 pm 01749-0041-840519