| 1 | Representative(s) Jennings offered the following: |
| 2 |
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| 3 | Amendment to Amendment (152000) (with title amendment) |
| 4 | On page 1, line 15, insert: |
| 5 | And insert: |
| 6 | Section 8. (1) Notwithstanding the provisions of s. |
| 7 | 212.08(5)(g), Florida Statutes, as amended by this act, a |
| 8 | business developing a project involving the rehabilitation of |
| 9 | real property that has been excluded from an enterprise zone |
| 10 | because of the redesignation requirements of s. 290.012 or s. |
| 11 | 290.0065, Florida Statutes, shall remain eligible to apply for |
| 12 | the building materials tax exemption under s. 212.08(5)(g), |
| 13 | Florida Statutes, for that project through December 31, 2006, if |
| 14 | the following requirements are met: |
| 15 | (a) The project must have been located in an enterprise |
| 16 | zone on or before December 31, 2005. |
| 17 | (b) The project must have a duration extending beyond |
| 18 | December 31, 2005. |
| 19 | (c) The project must have been excluded from the |
| 20 | enterprise zone due to the portion of the enterprise zone in |
| 21 | which the project is located not meeting the pervasive poverty |
| 22 | rate requirements of s. 290.0058(2)(a) or (b), Florida Statutes. |
| 23 | (d) The difference between the pervasive poverty rate |
| 24 | requirements of s. 290.0058(2)(a), Florida Statutes, and the |
| 25 | actual poverty rate in the area in which the project is located |
| 26 | must be 5 percentage points or less. |
| 27 | (e) The business must apply for a certificate of |
| 28 | eligibility for the project with the enterprise zone development |
| 29 | agency by September 1, 2006, and demonstrate that the project |
| 30 | meets the requirements of this section. |
| 31 | (f) The enterprise zone development agency must provide a |
| 32 | copy of the certificate of eligibility to the Department of |
| 33 | Revenue. |
| 34 | (2) The provisions of this section are remedial in nature |
| 35 | and shall apply retroactively to December 31, 2005. This section |
| 36 | is repealed January 1, 2007. |
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| 38 |
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| 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: |
| 41 | resolution; providing for time-limited continuing |
| 42 | eligibility for a building materials tax exemption for |
| 43 | certain businesses; specifying eligibility requirements; |
| 44 | providing for retroactive application; providing for |
| 45 | future repeal; providing an effective date. |