Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. SB 1912
Barcode 852758
CHAMBER ACTION
Senate House
.
.
1 Comm: A1/FAV .
04/05/2006 04:11 PM .
2 .
.
3 .
.
4 ______________________________________________________________
5
6
7
8
9
10 ______________________________________________________________
11 The Committee on Commerce and Consumer Services (Aronberg)
12 recommended the following amendment:
13
14 Senate Amendment (with title amendment)
15 Delete everything after the enacting clause
16
17 and insert:
18 Section 1. Subsection (11) of section 212.096, Florida
19 Statutes, is renumbered as subsection (12), a new subsection
20 (11) is added to that section, and present subsection (12) of
21 that section is amended, to read:
22 212.096 Sales, rental, storage, use tax; enterprise
23 zone jobs credit against sales tax.--
24 (11) The department may adopt rules pursuant to ss.
25 120.536(1) and 120.54 governing the manner and form of
26 transfers of credits under s. 290.007(9).
27 (13)(12) This section, except for subsection (12)
28 (11), expires on the date specified in s. 290.016 for the
29 expiration of the Florida Enterprise Zone Act.
30 Section 2. Subsection (9) of section 220.181, Florida
31 Statutes, is renumbered as subsection (10) and a new
1
12:05 PM 04/04/06 s1912d-cm27-c8g
Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. SB 1912
Barcode 852758
1 subsection (9) is added to that section to read:
2 220.181 Enterprise zone jobs credit.--
3 (9) The department may adopt rules pursuant to ss.
4 120.536(1) and 120.54 governing the manner and form of
5 transfers of credits under s. 290.007(9).
6 Section 3. Subsection (9) is added to section 290.007,
7 Florida Statutes, to read:
8 290.007 State incentives available in enterprise
9 zones.--The following incentives are provided by the state to
10 encourage the revitalization of enterprise zones:
11 (9) An eligible business located in a rural enterprise
12 zone may transfer any unused credit in whole or in units of no
13 less than 25 percent of the remaining credit. The entity
14 acquiring such credit may use the credit in the same manner
15 and with the same limitation as described in ss. 212.096 and
16 220.181. Such transferred credits may not be transferred again
17 but may succeed to a surviving or acquiring entity subject to
18 the same conditions and limitations described in this section.
19 Section 4. This act shall take effect July 1, 2006.
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 Delete everything before the enacting clause
25
26 and insert:
27 A bill to be entitled
28 An act relating to state incentives in
29 enterprise zones; amending ss. 212.096 and
30 220.181, F.S.; authorizing the Department of
31 Revenue to adopt rules for certain enterprise
2
12:05 PM 04/04/06 s1912d-cm27-c8g
Florida Senate - 2006 COMMITTEE AMENDMENT
Bill No. SB 1912
Barcode 852758
1 zone jobs credit transfer purposes; amending s.
2 290.007, F.S.; authorizing certain eligible
3 businesses to transfer unused enterprise zone
4 jobs credits; providing requirements and
5 limitations; providing an effective date.
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
3
12:05 PM 04/04/06 s1912d-cm27-c8g