Amendment
Bill No. 7055
Amendment No. 282429
CHAMBER ACTION
Senate House
.
.
.






1Representative(s) Jennings offered the following:
2
3     Amendment to Amendment (152000) (with title amendment)
4On page 1, between lines 14 and 15, insert:
5And insert:
6     Section 8.  (1)  Notwithstanding the provisions of s.
7212.08(5)(g), Florida Statutes, as amended by this act, a
8business developing a project involving the rehabilitation of
9real property that has been excluded from an enterprise zone
10because of the redesignation requirements of s. 290.012 or s.
11290.0065, Florida Statutes, shall remain eligible to apply for
12the building materials tax exemption under s. 212.08(5)(g),
13Florida Statutes, for that project through June 30, 2007, if the
14following requirements are met:
15     (a)  The project must have been located in an enterprise
16zone on or before December 31, 2005.
17     (b)  The project must have a duration extending beyond
18December 31, 2005.
19     (c)  The project must have been excluded from the
20enterprise zone due to the portion of the enterprise zone in
21which the project is located not meeting the pervasive poverty
22rate requirements of s. 290.0058(2)(a) or (b), Florida Statutes.
23     (d)  The difference between the pervasive poverty rate
24requirements of s. 290.0058(2)(a), Florida Statutes, and the
25actual poverty rate in the area in which the project is located
26must be 5 percentage points or less.
27     (e)  The business must apply for a certificate of
28eligibility for the project with the enterprise zone development
29agency by September 1, 2006, and demonstrate that the project
30meets the requirements of this section.
31     (f)  The enterprise zone development agency must provide a
32copy of the certificate of eligibility to the Department of
33Revenue.
34     (2)  The provisions of this section are remedial in nature
35and shall apply retroactively to December 31, 2005. This section
36is repealed July 1, 2007.
37
38
39================= T I T L E  A M E N D M E N T =================
40     On page 1, line 24, remove all of said line, and insert:
41resolution; providing for time-limited continuing
42eligibility for a building materials tax exemption for
43certain businesses; specifying eligibility requirements;
44providing for retroactive application; providing for
45future repeal; providing an effective date.


CODING: Words stricken are deletions; words underlined are additions.