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The Committee on Communications and Public Utilities (Bennett)

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recommended the following amendment:

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     Senate Amendment (with title amendment)

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     Delete line(s) 964-974

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and insert:

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     (j) When an entity treated as a partnership or a

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disregarded entity under this chapter produces and sells

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electricity from a new or expanded renewable energy facility, the

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credit earned by such entity shall pass through in the same

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manner as items of income and expense pass through for federal

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income tax purposes.

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     (k) A taxpayer's use of the credit granted pursuant to this

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section does not reduce the amount of any credit available to

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such taxpayer under s. 220.186.

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     Section 10. It is the intent of the Legislature that the

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amendments made by this act to s. 220.193, Florida Statutes, are

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remedial in nature and apply retroactively to the effective date

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of the act establishing the credit.

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

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And the title is amended as follows:

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     Delete line(s) 55-58

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and insert:

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"sale" or "sold"; defining the term "taxpayer"; providing

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for certain tax credits earned under the Florida renewable

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energy production credit to pass through in the same manner

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as items of income and expense pass through under federal

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income tax law; providing that use of the renewable energy

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production credit does not reduce the alternative minimum

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tax credit; providing legislative intent that such

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provisions apply retroactively to the effective date of the

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act establishing the credit;

3/26/2008  10:33:00 AM     579-05679-08