| 1 | Representative(s) Littlefield offered the following: |
| 2 |
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| 3 | Amendment to Amendment (413029) (with title amendment) |
| 4 | Remove lines 455-882 and insert: |
| 5 | 220.187, those enumerated in s. 220.192, and those enumerated in |
| 6 | s. 220.193. |
| 7 | Section 12. Section 220.192, Florida Statutes, is created |
| 8 | to read: |
| 9 | 220.192 Renewable energy technologies investment tax |
| 10 | credit.-- |
| 11 | (1) DEFINITIONS.--For purposes of this section, the term: |
| 12 | (a) "Biodiesel" means biodiesel as defined in s. |
| 13 | 212.08(7)(ccc). |
| 14 | (b) "Eligible costs" means: |
| 15 | 1. Seventy-five percent of all capital costs, operation |
| 16 | and maintenance costs, and research and development costs |
| 17 | incurred between July 1, 2006, and June 30, 2010, up to a limit |
| 18 | of $3 million per state fiscal year for all taxpayers, in |
| 19 | connection with an investment in hydrogen-powered vehicles and |
| 20 | hydrogen vehicle fueling stations in the state, including, but |
| 21 | not limited to, the costs of constructing, installing, and |
| 22 | equipping such technologies in the state. |
| 23 | 2. Seventy-five percent of all capital costs, operation |
| 24 | and maintenance costs, and research and development costs |
| 25 | incurred between July 1, 2006, and June 30, 2010, up to a limit |
| 26 | of $1.5 million per state fiscal year for all taxpayers, and |
| 27 | limited to a maximum of $12,000 per fuel cell, in connection |
| 28 | with an investment in commercial stationary hydrogen fuel cells |
| 29 | in the state, including, but not limited to, the costs of |
| 30 | constructing, installing, and equipping such technologies in the |
| 31 | state. |
| 32 | 3. Seventy-five percent of all capital costs, operation |
| 33 | and maintenance costs, and research and development costs |
| 34 | incurred between July 1, 2006, and June 30, 2010, up to a limit |
| 35 | of $6.5 million per state fiscal year for all taxpayers, in |
| 36 | connection with an investment in the production, storage, and |
| 37 | distribution of biodiesel (B10-B100) and ethanol (E10-E100) in |
| 38 | the state, including the costs of constructing, installing, and |
| 39 | equipping such technologies in the state. Gasoline fueling |
| 40 | station pump retrofits for ethanol (E10-E100) distribution |
| 41 | qualify as an eligible cost under this subparagraph. |
| 42 | (c) "Ethanol" means ethanol as defined in s. |
| 43 | 212.08(7)(ccc). |
| 44 | (d) "Hydrogen fuel cell" means hydrogen fuel cell as |
| 45 | defined in s. 212.08(7)(ccc). |
| 46 | (2) TAX CREDIT.--For tax years beginning on or after |
| 47 | January 1, 2007, a credit against the tax imposed by this |
| 48 | chapter shall be granted in an amount equal to the eligible |
| 49 | costs. Credits may be used in tax years beginning January 1, |
| 50 | 2007, and ending December 31, 2010, after which the credit shall |
| 51 | expire. If the credit is not fully used in any one tax year |
| 52 | because of insufficient tax liability on the part of the |
| 53 | corporation, the unused amount may be carried forward and used |
| 54 | in tax years beginning January 1, 2007, and ending December 31, |
| 55 | 2012, after which the credit carryover expires and may not be |
| 56 | used. A taxpayer that files a consolidated return in this state |
| 57 | as a member of an affiliated group under s. 220.131(1) may be |
| 58 | allowed the credit on a consolidated return basis up to the |
| 59 | amount of tax imposed upon the consolidated group. Any eligible |
| 60 | cost for which a credit is claimed and which is deducted or |
| 61 | otherwise reduces federal taxable income shall be added back in |
| 62 | computing adjusted federal income under s. 220.13. |
| 63 | (3) CORPORATE APPLICATION PROCESS.--Any corporation |
| 64 | wishing to obtain tax credits available under this section must |
| 65 | submit to the Department of Environmental Protection an |
| 66 | application for tax credit that includes a complete description |
| 67 | of all eligible costs for which the corporation is seeking a |
| 68 | credit and a description of the total amount of credits sought. |
| 69 | The Department of Environmental Protection shall make a |
| 70 | determination on the eligibility of the applicant for the |
| 71 | credits sought and certify the determination to the applicant |
| 72 | and the Department of Revenue. The corporation must attach the |
| 73 | Department of Environmental Protection's certification to the |
| 74 | tax return on which the credit is claimed. The Department of |
| 75 | Environmental Protection shall be responsible for ensuring that |
| 76 | the corporate income tax credits granted in each fiscal year do |
| 77 | not exceed the limits provided for in this section. The |
| 78 | Department of Environmental Protection is authorized to adopt |
| 79 | the necessary rules, guidelines, and application materials for |
| 80 | the application process. |
| 81 | (4) TAXPAYER APPLICATION PROCESS.--To claim a credit under |
| 82 | this section, each taxpayer must apply to the Department of |
| 83 | Environmental Protection for an allocation of each type of |
| 84 | annual credit by the date established by the Department of |
| 85 | Environmental Protection. The application form may be |
| 86 | established by the Department of Environmental Protection and |
| 87 | shall include an affidavit from each taxpayer certifying that |
| 88 | all information contained in the application, including all |
| 89 | records of eligible costs claimed as the basis for the tax |
| 90 | credit, are true and correct. Approval of the credits under this |
| 91 | section shall be accomplished on a first-come, first-served |
| 92 | basis, based upon the date complete applications are received by |
| 93 | the Department of Environmental Protection. A taxpayer shall |
| 94 | submit only one complete application based upon eligible costs |
| 95 | incurred within a particular state fiscal year. Incomplete |
| 96 | placeholder applications will not be accepted and will not |
| 97 | secure a place in the first-come, first-served application line. |
| 98 | If a taxpayer does not receive a tax credit allocation due to |
| 99 | the exhaustion of the annual tax credit authorizations, then |
| 100 | such taxpayer may reapply in the following year for those |
| 101 | eligible costs and will have priority over other applicants for |
| 102 | the allocation of credits. |
| 103 | (5) ADMINISTRATION; AUDIT AUTHORITY; RECAPTURE OF |
| 104 | CREDITS.-- |
| 105 | (a) In addition to its existing audit and investigation |
| 106 | authority, the Department of Revenue may perform any additional |
| 107 | financial and technical audits and investigations, including |
| 108 | examining the accounts, books, and records of the tax credit |
| 109 | applicant, that are necessary to verify the eligible costs |
| 110 | included in the tax credit return and to ensure compliance with |
| 111 | this section. The Department of Environmental Protection shall |
| 112 | provide technical assistance when requested by the Department of |
| 113 | Revenue on any technical audits or examinations performed |
| 114 | pursuant to this section. |
| 115 | (b) It is grounds for forfeiture of previously claimed and |
| 116 | received tax credits if the Department of Revenue determines, as |
| 117 | a result of either an audit or examination or from information |
| 118 | received from the Department of Environmental Protection, that a |
| 119 | taxpayer received tax credits pursuant to this section to which |
| 120 | the taxpayer was not entitled. The taxpayer is responsible for |
| 121 | returning forfeited tax credits to the Department of Revenue, |
| 122 | and such funds shall be paid into the General Revenue Fund of |
| 123 | the state. |
| 124 | (c) The Department of Environmental Protection may revoke |
| 125 | or modify any written decision granting eligibility for tax |
| 126 | credits under this section if it is discovered that the tax |
| 127 | credit applicant submitted any false statement, representation, |
| 128 | or certification in any application, record, report, plan, or |
| 129 | other document filed in an attempt to receive tax credits under |
| 130 | this section. The Department of Environmental Protection shall |
| 131 | immediately notify the Department of Revenue of any revoked or |
| 132 | modified orders affecting previously granted tax credits. |
| 133 | Additionally, the taxpayer must notify the Department of Revenue |
| 134 | of any change in its tax credit claimed. |
| 135 | (d) The taxpayer shall file with the Department of Revenue |
| 136 | an amended return or such other report as the Department of |
| 137 | Revenue prescribes by rule and shall pay any required tax and |
| 138 | interest within 60 days after the taxpayer receives notification |
| 139 | from the Department of Environmental Protection that previously |
| 140 | approved tax credits have been revoked or modified. If the |
| 141 | revocation or modification order is contested, the taxpayer |
| 142 | shall file an amended return or other report as provided in this |
| 143 | paragraph within 60 days after a final order is issued following |
| 144 | proceedings. |
| 145 | (e) A notice of deficiency may be issued by the Department |
| 146 | of Revenue at any time within 3 years after the taxpayer |
| 147 | receives formal notification from the Department of |
| 148 | Environmental Protection that previously approved tax credits |
| 149 | have been revoked or modified. If a taxpayer fails to notify the |
| 150 | Department of Revenue of any changes to its tax credit claimed, |
| 151 | a notice of deficiency may be issued at any time. |
| 152 | (6) RULES.--The Department of Revenue shall have the |
| 153 | authority to adopt rules relating to the forms required to claim |
| 154 | a tax credit under this section, the requirements and basis for |
| 155 | establishing an entitlement to a credit, and the examination and |
| 156 | audit procedures required to administer this section. |
| 157 | (7) PUBLICATION.--The Department of Environmental |
| 158 | Protection shall determine and publish on a regular basis the |
| 159 | amount of available tax credits remaining in each fiscal year. |
| 160 | Section 13. Section 220.193, Florida Statutes, is created |
| 161 | to read: |
| 162 | 220.193 Florida renewable energy production credit.-- |
| 163 | (1) The purpose of this section is to encourage the |
| 164 | development and expansion of facilities that produce renewable |
| 165 | energy in Florida. |
| 166 | (2) As used in this section, the term: |
| 167 | (a) "Commission" shall mean the Public Service Commission. |
| 168 | (b) "Department" shall mean the Department of Revenue. |
| 169 | (c) "Expanded facility" shall mean a Florida renewable |
| 170 | energy facility that increases its electrical production and |
| 171 | sale by more than 5 percent above the facility's electrical |
| 172 | production and sale during the 2005 calendar year. |
| 173 | (d) "Florida renewable energy facility" shall mean a |
| 174 | facility in the state that produces electricity for sale from |
| 175 | renewable energy, as defined in s. 377.803. |
| 176 | (e) "New facility" shall mean a Florida renewable energy |
| 177 | facility that is operationally placed in service after May 1, |
| 178 | 2006. |
| 179 | (3) An annual credit against the tax imposed by this |
| 180 | section shall be allowed to a taxpayer, based on the taxpayer's |
| 181 | production and sale of electricity from a new or expanded |
| 182 | Florida renewable energy facility. For a new facility, the |
| 183 | credit shall be based on the taxpayer's sale of the facility's |
| 184 | entire electrical production. For an expanded facility, the |
| 185 | credit shall be based on the increases in the facility's |
| 186 | electrical production that are achieved after May 1, 2006. |
| 187 | (a) The credit shall be $0.01 for each kilowatt-hour of |
| 188 | electricity produced and sold by the taxpayer to an unrelated |
| 189 | party during a given tax year. |
| 190 | (b) The credit may be claimed for electricity produced and |
| 191 | sold on or after January 1, 2007. Beginning in 2008 and |
| 192 | continuing until 2011, each taxpayer claiming a credit under |
| 193 | this section must first apply to the department by February 1 of |
| 194 | each year for an allocation of available credit. The department, |
| 195 | in consultation with the commission, shall develop an |
| 196 | application form. The application form shall, at a minimum, |
| 197 | require a sworn affidavit from each taxpayer certifying the |
| 198 | increase in production and sales that form the basis of the |
| 199 | application and certifying that all information contained in the |
| 200 | application is true and correct. |
| 201 | (c) If the amount of credits applied for each year exceeds |
| 202 | $5 million, the department shall award to each applicant a |
| 203 | prorated amount based on each applicant's increased production |
| 204 | and sales and the increased production and sales of all |
| 205 | applicants. |
| 206 | (d) If the credit granted pursuant to this section is not |
| 207 | fully used in one year because of insufficient tax liability on |
| 208 | the part of the taxpayer, the unused amount may be carried |
| 209 | forward for a period not to exceed 5 years. The carryover credit |
| 210 | may be used in a subsequent year when the tax imposed by this |
| 211 | chapter for such year exceeds the credit for such year, after |
| 212 | applying the other credits and unused credit carryovers in the |
| 213 | order provided in s. 220.02(8). |
| 214 | (e) A taxpayer that files a consolidated return in this |
| 215 | state as a member of an affiliated group under s. 220.131(1) may |
| 216 | be allowed the credit on a consolidated return basis up to the |
| 217 | amount of tax imposed upon the consolidated group. |
| 218 | (f)1. Tax credits that may be available under this section |
| 219 | to an entity eligible under this section may be transferred |
| 220 | after a merger or acquisition to the surviving or acquiring |
| 221 | entity and used in the same manner with the same limitations. |
| 222 | 2. The entity or its surviving or acquiring entity as |
| 223 | described in subparagraph 1. may transfer any unused credit in |
| 224 | whole or in units of no less than 25 percent of the remaining |
| 225 | credit. The entity acquiring such credit may use it in the same |
| 226 | manner and with the same limitations under this section. Such |
| 227 | transferred credits may not be transferred again although they |
| 228 | may succeed to a surviving or acquiring entity subject to the |
| 229 | same conditions and limitations as described in this section. |
| 230 | 3. In the event the credit provided for under this section |
| 231 | is reduced as a result of an examination or audit by the |
| 232 | department, such tax deficiency shall be recovered from the |
| 233 | first entity or the surviving or acquiring entity to have |
| 234 | claimed such credit up to the amount of credit taken. Any |
| 235 | subsequent deficiencies shall be assessed against any entity |
| 236 | acquiring and claiming such credit, or in the case of multiple |
| 237 | succeeding entities in the order of credit succession. |
| 238 | (g) Notwithstanding any other provision of this section, |
| 239 | credits for the production and sale of electricity from a new or |
| 240 | expanded Florida renewable energy facility may be earned between |
| 241 | January 1, 2007 and June 30, 2010. The combined total amount of |
| 242 | tax credits which may be granted for all taxpayers under this |
| 243 | section is limited to $5 million per state fiscal year. |
| 244 | (h) A taxpayer claiming a credit under this section shall |
| 245 | be required to add back to net income that portion of its |
| 246 | business deductions claimed on its federal return paid or |
| 247 | incurred for the taxable year which is equal to the amount of |
| 248 | the credit allowable for the taxable year under this section. |
| 249 | (i) A taxpayer claiming credit under this section may not |
| 250 | claim a credit under s. 220.192. A taxpayer claiming credit |
| 251 | under s. 220.192 may not claim a credit under this section. |
| 252 | (4) The department may adopt rules to implement and |
| 253 | administer this section, including rules prescribing forms, the |
| 254 | documentation needed to substantiate a claim for the tax credit, |
| 255 | and the specific procedures and guidelines for claiming the |
| 256 | credit. |
| 257 | (5) This section shall take effect upon becoming law and |
| 258 | shall apply to tax years beginning on and after January 1, 2007. |
| 259 | Section 14. Paragraph (a) of subsection (1) of section |
| 260 | 220.13, Florida Statutes, is amended to read: |
| 261 | 220.13 "Adjusted federal income" defined.-- |
| 262 | (1) The term "adjusted federal income" means an amount |
| 263 | equal to the taxpayer's taxable income as defined in subsection |
| 264 | (2), or such taxable income of more than one taxpayer as |
| 265 | provided in s. 220.131, for the taxable year, adjusted as |
| 266 | follows: |
| 267 | (a) Additions.--There shall be added to such taxable |
| 268 | income: |
| 269 | 1. The amount of any tax upon or measured by income, |
| 270 | excluding taxes based on gross receipts or revenues, paid or |
| 271 | accrued as a liability to the District of Columbia or any state |
| 272 | of the United States which is deductible from gross income in |
| 273 | the computation of taxable income for the taxable year. |
| 274 | 2. The amount of interest which is excluded from taxable |
| 275 | income under s. 103(a) of the Internal Revenue Code or any other |
| 276 | federal law, less the associated expenses disallowed in the |
| 277 | computation of taxable income under s. 265 of the Internal |
| 278 | Revenue Code or any other law, excluding 60 percent of any |
| 279 | amounts included in alternative minimum taxable income, as |
| 280 | defined in s. 55(b)(2) of the Internal Revenue Code, if the |
| 281 | taxpayer pays tax under s. 220.11(3). |
| 282 | 3. In the case of a regulated investment company or real |
| 283 | estate investment trust, an amount equal to the excess of the |
| 284 | net long-term capital gain for the taxable year over the amount |
| 285 | of the capital gain dividends attributable to the taxable year. |
| 286 | 4. That portion of the wages or salaries paid or incurred |
| 287 | for the taxable year which is equal to the amount of the credit |
| 288 | allowable for the taxable year under s. 220.181. The provisions |
| 289 | of this subparagraph shall expire and be void on June 30, 2005. |
| 290 | 5. That portion of the ad valorem school taxes paid or |
| 291 | incurred for the taxable year which is equal to the amount of |
| 292 | the credit allowable for the taxable year under s. 220.182. The |
| 293 | provisions of this subparagraph shall expire and be void on June |
| 294 | 30, 2005. |
| 295 | 6. The amount of emergency excise tax paid or accrued as a |
| 296 | liability to this state under chapter 221 which tax is |
| 297 | deductible from gross income in the computation of taxable |
| 298 | income for the taxable year. |
| 299 | 7. That portion of assessments to fund a guaranty |
| 300 | association incurred for the taxable year which is equal to the |
| 301 | amount of the credit allowable for the taxable year. |
| 302 | 8. In the case of a nonprofit corporation which holds a |
| 303 | pari-mutuel permit and which is exempt from federal income tax |
| 304 | as a farmers' cooperative, an amount equal to the excess of the |
| 305 | gross income attributable to the pari-mutuel operations over the |
| 306 | attributable expenses for the taxable year. |
| 307 | 9. The amount taken as a credit for the taxable year under |
| 308 | s. 220.1895. |
| 309 | 10. Up to nine percent of the eligible basis of any |
| 310 | designated project which is equal to the credit allowable for |
| 311 | the taxable year under s. 220.185. |
| 312 | 11. The amount taken as a credit for the taxable year |
| 313 | under s. 220.187. |
| 314 | 12. The amount taken as a credit for the taxable year |
| 315 | under s. 220.192. |
| 316 | 13. The amount taken as a credit for the taxable year |
| 317 | under s. 220.193. |
| 318 | Section 15. Subsection (2) of section 186.801, Florida |
| 319 | Statutes, is amended to read: |
| 320 | 186.801 Ten-year site plans.-- |
| 321 | (2) Within 9 months after the receipt of the proposed |
| 322 | plan, the commission shall make a preliminary study of such plan |
| 323 | and classify it as "suitable" or "unsuitable." The commission |
| 324 | may suggest alternatives to the plan. All findings of the |
| 325 | commission shall be made available to the Department of |
| 326 | Environmental Protection for its consideration at any subsequent |
| 327 | electrical power plant site certification proceedings. It is |
| 328 | recognized that 10-year site plans submitted by an electric |
| 329 | utility are tentative information for planning purposes only and |
| 330 | may be amended at any time at the discretion of the utility upon |
| 331 | written notification to the commission. A complete application |
| 332 | for certification of an electrical power plant site under |
| 333 | chapter 403, when such site is not designated in the current 10- |
| 334 | year site plan of the applicant, shall constitute an amendment |
| 335 | to the 10-year site plan. In its preliminary study of each 10- |
| 336 | year site plan, the commission shall consider such plan as a |
| 337 | planning document and shall review: |
| 338 | (a) The need, including the need as determined by the |
| 339 | commission, for electrical power in the area to be served. |
| 340 | (b) The effect on fuel diversity within the state. |
| 341 | (c)(b) The anticipated environmental impact of each |
| 342 | proposed electrical power plant site. |
| 343 | (d)(c) Possible alternatives to the proposed plan. |
| 344 | (e)(d) The views of appropriate local, state, and federal |
| 345 | agencies, including the views of the appropriate water |
| 346 | management district as to the availability of water and its |
| 347 | recommendation as to the use by the proposed plant of salt water |
| 348 | or fresh water for cooling purposes. |
| 349 | (f)(e) The extent to which the plan is consistent with the |
| 350 | state comprehensive plan. |
| 351 | (g)(f) The plan with respect to the information of the |
| 352 | state on energy availability and consumption. |
| 353 | Section 16. Subsection (6) of section 366.04, Florida |
| 354 | Statutes, is amended to read: |
| 355 | 366.04 Jurisdiction of commission.-- |
| 356 | (6) The commission shall further have exclusive |
| 357 | jurisdiction to prescribe and enforce safety standards for |
| 358 | transmission and distribution facilities of all public electric |
| 359 | utilities, cooperatives organized under the Rural Electric |
| 360 | Cooperative Law, and electric utilities owned and operated by |
| 361 | municipalities. In adopting safety standards, the commission |
| 362 | shall, at a minimum: |
| 363 | (a) Adopt the 1984 edition of the National Electrical |
| 364 | Safety Code (ANSI C2) as initial standards; and |
| 365 | (b) Adopt, after review, any new edition of the National |
| 366 | Electrical Safety Code (ANSI C2). |
| 367 |
|
| 368 | The standards prescribed by the current 1984 edition of the |
| 369 | National Electrical Safety Code (ANSI C2) shall constitute |
| 370 | acceptable and adequate requirements for the protection of the |
| 371 | safety of the public, and compliance with the minimum |
| 372 | requirements of that code shall constitute good engineering |
| 373 | practice by the utilities. The administrative authority referred |
| 374 | to in the 1984 edition of the National Electrical Safety Code is |
| 375 | the commission. However, nothing herein shall be construed as |
| 376 | superseding, repealing, or amending the provisions of s. |
| 377 | 403.523(1) and (10). |
| 378 | Section 17. Subsections (1) and (8) of section 366.05, |
| 379 | Florida Statutes, are amended to read: |
| 380 | 366.05 Powers.-- |
| 381 | (1) In the exercise of such jurisdiction, the commission |
| 382 | shall have power to prescribe fair and reasonable rates and |
| 383 | charges, classifications, standards of quality and measurements, |
| 384 | including the ability to adopt construction standards that |
| 385 | exceed the National Electrical Safety Code, for purposes of |
| 386 | ensuring the reliable provision of service, and service rules |
| 387 | and regulations to be observed by each public utility; to |
| 388 | require repairs, improvements, additions, replacements, and |
| 389 | extensions to the plant and equipment of any public utility when |
| 390 | reasonably necessary to promote the convenience and welfare of |
| 391 | the public and secure adequate service or facilities for those |
| 392 | reasonably entitled thereto; to employ and fix the compensation |
| 393 | for such examiners and technical, legal, and clerical employees |
| 394 | as it deems necessary to carry out the provisions of this |
| 395 | chapter; and to adopt rules pursuant to ss. 120.536(1) and |
| 396 | 120.54 to implement and enforce the provisions of this chapter. |
| 397 | (8) If the commission determines that there is probable |
| 398 | cause to believe that inadequacies exist with respect to the |
| 399 | energy grids developed by the electric utility industry, |
| 400 | including inadequacies in fuel diversity or fuel supply |
| 401 | reliability, it shall have the power, after proceedings as |
| 402 | provided by law, and after a finding that mutual benefits will |
| 403 | accrue to the electric utilities involved, to require |
| 404 | installation or repair of necessary facilities, including |
| 405 | generating plants and transmission facilities, with the costs to |
| 406 | be distributed in proportion to the benefits received, and to |
| 407 | take all necessary steps to ensure compliance. The electric |
| 408 | utilities involved in any action taken or orders issued pursuant |
| 409 | to this subsection shall have full power and authority, |
| 410 | notwithstanding any general or special laws to the contrary, to |
| 411 | jointly plan, finance, build, operate, or lease generating and |
| 412 | transmission facilities and shall be further authorized to |
| 413 | exercise the powers granted to corporations in chapter 361. This |
| 414 | subsection shall not supersede or control any provision of the |
| 415 | Florida Electrical Power Plant Siting Act, ss. 403.501-403.518. |
| 416 | Section 18. Section 366.92, Florida Statutes, is created |
| 417 | to read: |
| 418 | 366.92 Florida renewable energy policy.-- |
| 419 | (1) It is the intent of the Legislature to promote the |
| 420 | development of renewable energy; protect the economic viability |
| 421 | of Florida's existing renewable energy facilities; diversify the |
| 422 | types of fuel used to generate electricity in Florida; lessen |
| 423 | Florida's dependence on natural gas and fuel oil for the |
| 424 | production of electricity; minimize the volatility of fuel |
| 425 | costs; encourage investment within the state; improve |
| 426 | environmental conditions; and at the same time, minimize the |
| 427 | costs of power supply to electric utilities and their customers. |
| 428 | (2) For the purposes of this section, "Florida renewable |
| 429 | energy resources" shall mean renewable energy, as defined in s. |
| 430 | 377.803, that is produced in Florida. |
| 431 | (3) The commission may adopt appropriate goals for |
| 432 | increasing the use of existing, expanded, and new Florida |
| 433 | renewable energy resources. The commission may change the goals. |
| 434 | The commission may review and reestablish the goals at least |
| 435 |
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| 436 |
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| 437 | ======== T I T L E A M E N D M E N T ======== |
| 438 | Remove line(s) 4328-4339 and insert: |
| 439 | amending s. 220.13, F.S.; providing additions to the |
| 440 | definition of "adjusted federal income"; amending s. |
| 441 | 186.801, F.S.; revising the provisions of electric utility |
| 442 | 10-year site plans to include the effect on fuel |
| 443 | diversity; amending s. 366.04, F.S.; revising the safety |
| 444 | standards for public utilities; amending s. 366.05, F.S.; |
| 445 | authorizing the Public Service Commission to adopt certain |
| 446 | construction standards and make certain determinations; |
| 447 | directing the commission to conduct a study and provide a |
| 448 | report by a certain date; creating s. 366.92, F.S.; |
| 449 | relating to the Florida renewable energy policy; providing |
| 450 | intent; providing definitions; authorizing the Florida |