CODING: Words stricken are deletions; words underlined are additions.
HOUSE AMENDMENT
Bill No. CS for SB 426, 1st Eng.
Amendment No. ___ (for drafter's use only)
CHAMBER ACTION
Senate House
.
.
1 .
.
2 .
.
3 .
.
4 ______________________________________________________________
5 ORIGINAL STAMP BELOW
6
7
8
9
10 ______________________________________________________________
11 Representative(s) Ryan and Wiles offered the following:
12
13 Amendment to Amendment (042761)
14 On page 64, line 14 through page 65 line 12,
15 remove: all of said lines
16
17 and insert:
18 Section 1. Subsections (2) and (3) and paragraph (d)
19 of subsection (6) of section 212.098, Florida Statutes, are
20 amended to read:
21 212.098 Rural Job Tax Credit Program.--
22 (2) A new eligible business may apply for a tax credit
23 under this subsection once at any time during its first year
24 of operation. A new eligible business in a tier-one qualified
25 area that has at least 10 qualified employees on the date of
26 application shall receive a $1,000 $5,000 tax credit for each
27 such employee.
28 (3) An existing eligible business may apply for a tax
29 credit under this subsection at any time it is entitled to
30 such credit, except as restricted by this subsection. An
31 existing eligible business with fewer than 50 employees in a
1
File original & 9 copies 03/15/02
hmo0011 10:25 am 00426-0099-452917
HOUSE AMENDMENT
Bill No. CS for SB 426, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 qualified area that on the date of application has at least 20
2 percent more qualified employees than it had 1 year prior to
3 its date of application shall receive a $1,000 $2,500 tax
4 credit for each such additional employee. An existing eligible
5 business that has 50 employees or more in a qualified area
6 that, on the date of application, has at least 10 more
7 qualified employees than it had 1 year prior to its date of
8 application shall receive a $1,000 tax credit for each
9 additional employee. Any existing eligible business that
10 received a credit under subsection (2) may not apply for the
11 credit under this subsection sooner than 12 months after the
12 application date for the credit under subsection (2).
13 (6)
14 (d) A business may not receive more than $500,000 of
15 tax credits under this section during any one calendar year
16 for its efforts in creating jobs.
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
2
File original & 9 copies 03/15/02
hmo0011 10:25 am 00426-0099-452917