HOUSE AMENDMENT

    hbd-032                                        Bill No. HB 877

    Amendment No. ___ (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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  5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Cantens offered the following:

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13         Amendment (with title amendment) 

14         On page 2, between lines 12 and 13,

15

16  insert:

17         Section 2.  Subsection (9) is added to section 290.007,

18  Florida Statutes, to read:

19         290.007  State incentives available in enterprise

20  zones.--The following incentives are provided by the state to

21  encourage the revitalization of enterprise zones:

22         (9)(a)  Notwithstanding any law to the contrary, a

23  target industry business, as defined in s. 288.106 which

24  relocates within the same county into an enterprise zone as a

25  fee simple owner or as a tenant with a minimum initial term of

26  10 years is a "qualified target industry business" and a "new

27  business" as those terms are defined in s. 288.106 and is

28  eligible for the tax refund program for qualified target

29  industry businesses provided under s. 288.106 if:

30         1.  The target industry business creates a minimum of

31  500 jobs, as defined in s. 288.106, in the enterprise zone

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    File original & 9 copies    03/13/02
    hbd0022                     11:52 am         00877-0114-222691




                                                   HOUSE AMENDMENT

    hbd-032                                        Bill No. HB 877

    Amendment No. ___ (for drafter's use only)





  1  within 3 years after the date the business is certified as a

  2  qualified target industry business; and

  3         2.  Each job created in the enterprise zone by the

  4  business is a net new job.

  5         (b)  Not more than one target industry business within

  6  a county may participate in the tax refund program for

  7  qualified target industry businesses under the provisions of

  8  this subsection at any one time. In reviewing and evaluating

  9  applications for approval under this subsection, the Office of

10  Tourism, Trade, and Economic Development shall consider, in

11  the following order of priority, how the state's resources are

12  leveraged, as applicable, in federal empowerment zones,

13  federal enterprise communities, and Front Porch Florida

14  Communities.

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17  ================ T I T L E   A M E N D M E N T ===============

18  And the title is amended as follows:

19         On page 1, line 7, after the semicolon,

20

21  insert:

22         amending s. 290.007, F.S.; providing for a

23         target industry business that relocates into an

24         enterprize zone to be eligible for certain

25         tax-refund programs; providing requirements for

26         eligibility; providing that no more than one

27         business is eligible at any one time;

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    File original & 9 copies    03/13/02
    hbd0022                     11:52 am         00877-0114-222691