1 | A bill to be entitled |
2 | An act relating to economic development; amending s. |
3 | 288.1089, F.S.; defining the terms "commission," "industry |
4 | wage," "naming opportunities," and "net royalty revenues"; |
5 | expanding the definition of "project" to include |
6 | alternative and renewable energy applicants; requiring |
7 | that an application for an incentive award include certain |
8 | information; authorizing the waiver or reduction of |
9 | requirements relating to matching funds for alternative |
10 | and renewable energy projects; requiring that Enterprise |
11 | Florida, Inc., evaluate proposals for all categories of |
12 | innovation incentive awards and solicit comments from the |
13 | Florida Energy and Climate Commission before making its |
14 | recommendations; providing requirements for such |
15 | evaluations and recommendations; providing additional |
16 | criteria for a research and development facility; deleting |
17 | qualifying criteria for alternative and renewable energy |
18 | projects; creating additional evaluation criteria for |
19 | alternative and renewable energy projects; requiring that |
20 | the Executive Office of the Governor release funds upon |
21 | review and approval of an award by the Legislative Budget |
22 | Commission; requiring the Office of Tourism, Trade, and |
23 | Economic Development and the recipient of an award to |
24 | enter into a contract setting forth conditions for the |
25 | payment of incentive funds; requiring that such agreement |
26 | include certain provisions; requiring that agreements |
27 | signed after a specified date contain certain additional |
28 | provisions; requiring that Enterprise Florida, Inc., |
29 | submit a report containing certain information within a |
30 | specified period after the conclusion of such agreement to |
31 | the Governor, the President of the Senate, and the Speaker |
32 | of the House of Representatives; requiring that each |
33 | recipient of an award comply with certain business ethics |
34 | standards developed by Enterprise Florida, Inc.; deleting |
35 | provisions authorizing Enterprise Florida, Inc., to |
36 | collaborate with the State University System in reviewing |
37 | and evaluating business ethics standards; requiring that |
38 | the office submit to the Governor, the President of the |
39 | Senate, and the Speaker of the House of Representatives a |
40 | report containing certain information; specifying a date |
41 | on which the office shall begin submitting such reports; |
42 | requiring that the Office of Program Policy Analysis and |
43 | Government Accountability and the Office of the Auditor |
44 | General submit a report; requiring that such reports be |
45 | submitted at specified intervals; requiring that such |
46 | reports include certain information; authorizing the |
47 | office to seek the assistance of certain government |
48 | entities for certain purposes; amending s. 166.231, F.S.; |
49 | revising industry code designations; providing a |
50 | definition; amending s. 212.05, F.S.; extending the time |
51 | nonresident purchasers have to remove a boat from the |
52 | state after purchase; providing for an extension decal to |
53 | be issued by a dealer; imposing a decal cost; revising |
54 | industry code designations; amending s. 212.097, F.S.; |
55 | specifying a review and certification requirement for the |
56 | urban high crime area job tax credit applications; |
57 | amending s. 212.098, F.S.; revising the definition for |
58 | "qualified area"; amending s. 213.053, F.S.; granting the |
59 | Office of Tourism, Trade, and Economic Development access |
60 | to certain confidential and exempt records held by the |
61 | Department of Revenue and related to certain tax incentive |
62 | and tax refund programs; amending s. 220.15, F.S.; |
63 | revising industry code designations; providing a |
64 | definition; amending s. 220.191, F.S.; specifying a review |
65 | and certification requirement for capital investment tax |
66 | credit applications; creating s. 288.061, F.S.; providing |
67 | requirements and procedures for an economic development |
68 | incentive application process; providing time periods and |
69 | requirements for certification for economic development |
70 | incentive applications; providing duties and |
71 | responsibilities of Enterprise Florida, Inc., and the |
72 | Office of Tourism, Trade, and Economic Development; |
73 | amending s. 288.063, F.S.; revising required criteria for |
74 | review and certification of transportation projects by the |
75 | Office of Tourism, Trade, and Economic Development; |
76 | amending s. 288.065, F.S.; revising county population |
77 | criteria for loans from the Rural Community Development |
78 | Revolving Loan Fund; amending s. 288.0655, F.S.; |
79 | authorizing the Office of Tourism, Trade, and Economic |
80 | Development to award grants for a certain percentage of |
81 | total infrastructure project costs for certain catalyst |
82 | site funding applications; expanding eligible facilities |
83 | for authorized infrastructure projects; providing for |
84 | waiver of the local matching requirement; specifying a |
85 | review and certification requirement for the office for |
86 | certain Rural Infrastructure Fund grant applications; |
87 | amending s. 288.0656, F.S.; providing legislative intent; |
88 | revising and providing definitions; providing additional |
89 | review and action requirements for the Rural Economic |
90 | Development Initiative relating to rural communities; |
91 | revising representation on the initiative; deleting a |
92 | limitation on characterization as a rural area of critical |
93 | economic concern; authorizing rural areas of critical |
94 | economic concern to designate certain catalyst projects |
95 | for certain purposes; providing project requirements; |
96 | revising certain reporting requirements for the |
97 | initiative; amending s. 288.06561, F.S., conforming cross- |
98 | references; amending s. 288.0657, F.S.; revising the |
99 | definition of the term "rural community"; amending s. |
100 | 288.1045, F.S.; revising provisions relating to the |
101 | application and refund process for the qualified defense |
102 | contractor tax refund program; specifying a review and |
103 | certification requirement for program refunds; revising |
104 | the cap on refunds per applicant; deleting a report |
105 | requirement; amending s. 288.106, F.S.; revising certain |
106 | definitions; revising industry code designation |
107 | requirements for certain activities under the tax refund |
108 | program for qualified target industry businesses; revising |
109 | program application and approval process provisions; |
110 | specifying a review and certification requirement for |
111 | program applications; revising tax refund agreement |
112 | requirements; revising an economic-stimulus exemption |
113 | request provision; extending a final date for exemption |
114 | requests; extending a certification expiration provision; |
115 | amending s. 288.107, F.S.; revising a definition; revising |
116 | criteria for participation in brownfield redevelopment |
117 | bonus refunds; specifying a review and certification |
118 | requirement for brownfield redevelopment bonus refund |
119 | applications; amending s. 288.108, F.S.; specifying a |
120 | review and certification requirement for applications for |
121 | high-impact business performance grants; deleting certain |
122 | final order and report requirements; amending s. 288.1088, |
123 | F.S.; specifying a review requirement for Quick Action |
124 | Closing Fund project applications; providing a time period |
125 | for the director to recommend approval or disapproval of a |
126 | project for receipt of funds from the Quick Action Closing |
127 | Fund; amending ss. 257.193, 288.019, and 627.6699, F.S.; |
128 | conforming cross-references; amending s. 288.9015, F.S.; |
129 | specifying that Enterprise Florida, Inc., is responsible |
130 | for responding to inquiries related to the state's |
131 | business incentives and opportunities; amending s. |
132 | 288.9622, F.S.; expanding the types of investments that |
133 | may be made by the Florida Opportunity Fund; amending s. |
134 | 288.9624, F.S.; providing a limitation on how the |
135 | originally appropriated funds may be invested; allowing |
136 | the Florida Opportunity Fund to form or create other |
137 | entities for investment purposes; revising a reporting |
138 | requirement; amending s. 443.1715, F.S.; allowing |
139 | disclosure of certain confidential unemployment |
140 | compensation data to the Office of Tourism, Trade, and |
141 | Economic Development; providing an effective date. |
142 |
|
143 | Be It Enacted by the Legislature of the State of Florida: |
144 |
|
145 | Section 1. Subsections (1), (2), and (3), paragraph (d) of |
146 | subsection (4), and subsections (5), (7), (8), (9), and (10) of |
147 | section 288.1089, Florida Statutes, are amended, and subsections |
148 | (11) and (12) are added to that section, to read: |
149 | 288.1089 Innovation Incentive Program.-- |
150 | (1) The Innovation Incentive Program is created within the |
151 | Office of Tourism, Trade, and Economic Development to ensure |
152 | that sufficient resources are available to allow the state to |
153 | respond expeditiously to extraordinary economic opportunities |
154 | and to compete effectively for high-value research and |
155 | development, and innovation business, and alternative and |
156 | renewal energy projects. |
157 | (2) As used in this section, the term: |
158 | (a) "Alternative and renewable energy" means electrical, |
159 | mechanical, or thermal energy produced from a method that uses |
160 | one or more of the following fuels or energy sources: ethanol, |
161 | cellulosic ethanol, biobutanol, biodiesel, biomass, biogas, |
162 | hydrogen fuel cells, ocean energy, hydrogen, solar, hydro, wind, |
163 | or geothermal. |
164 | (b) "Average private sector wage" means the statewide |
165 | average wage in the private sector or the average of all private |
166 | sector wages in the county or in the standard metropolitan area |
167 | in which the project is located as determined by the Agency for |
168 | Workforce Innovation. |
169 | (c) "Brownfield area" means an area designated as a |
170 | brownfield area pursuant to s. 376.80. |
171 | (d) "Commission" means the Florida Energy and Climate |
172 | Commission. |
173 | (e)(d) "Cumulative investment" means cumulative capital |
174 | investment and all eligible capital costs, as defined in s. |
175 | 220.191. |
176 | (f)(e) "Director" means the director of the Office of |
177 | Tourism, Trade, and Economic Development. |
178 | (g)(f) "Enterprise zone" means an area designated as an |
179 | enterprise zone pursuant to s. 290.0065. |
180 | (h)(g) "Fiscal year" means the state fiscal year. |
181 | (i) "Industry wage" means the average annual wage paid to |
182 | employees in a particular industry, as designated by the North |
183 | American Industry Classification System (NAICS), and compiled by |
184 | the Bureau of Labor Statistics of the United States Department |
185 | of Labor. |
186 | (j)(h) "Innovation business" means a business expanding or |
187 | locating in this state that is likely to serve as a catalyst for |
188 | the growth of an existing or emerging technology cluster or will |
189 | significantly impact the regional economy in which it is to |
190 | expand or locate. |
191 | (k)(i) "Jobs" means full-time equivalent positions, as |
192 | that term is consistent with terms used by the Agency for |
193 | Workforce Innovation and the United States Department of Labor |
194 | for purposes of unemployment compensation tax administration and |
195 | employment estimation, resulting directly from a project in this |
196 | state. The term does not include temporary construction jobs. |
197 | (l) "Naming opportunities" means charitable donations from |
198 | any person or entity in consideration for the right to have all |
199 | or a portion of the facility named for or in the memory of any |
200 | person, living or dead, or for any entity. |
201 | (m) "Net royalty revenues" means all royalty revenues less |
202 | the cost of obtaining, maintaining, and enforcing related patent |
203 | and intellectual property rights, both foreign and domestic. |
204 | (n)(j) "Match" means funding from local sources, public or |
205 | private, which will be paid to the applicant and which is equal |
206 | to 100 percent of an award. Eligible match funding may include |
207 | any tax abatement granted to the applicant under s. 196.1995 or |
208 | the appraised market value of land, buildings, infrastructure, |
209 | or equipment conveyed or provided at a discount to the |
210 | applicant. Complete documentation of a match payment or other |
211 | conveyance must be presented to and verified by the office prior |
212 | to transfer of state funds to an applicant. An applicant may not |
213 | provide, directly or indirectly, more than 5 percent of match |
214 | funding in any fiscal year. The sources of such funding may not |
215 | include, directly or indirectly, state funds appropriated from |
216 | the General Revenue Fund or any state trust fund, excluding tax |
217 | revenues shared with local governments pursuant to law. |
218 | (o)(k) "Office" means the Office of Tourism, Trade, and |
219 | Economic Development. |
220 | (p)(l) "Project" means the location to or expansion in |
221 | this state by an innovation business, a or research and |
222 | development applicant, or an alternative and renewable energy |
223 | applicant approved for an award pursuant to this section. |
224 | (q)(m) "Research and development" means basic and applied |
225 | research in the sciences or engineering, as well as the design, |
226 | development, and testing of prototypes or processes of new or |
227 | improved products. Research and development does not include |
228 | market research, routine consumer product testing, sales |
229 | research, research in the social sciences or psychology, |
230 | nontechnological activities, or technical services. |
231 | (r)(n) "Research and development facility" means a |
232 | facility that is predominately engaged in research and |
233 | development activities. For purposes of this paragraph, the term |
234 | "predominantly" means at least 51 percent of the time. |
235 | (s)(o) "Rural area" means a rural city, rural community, |
236 | or rural county as defined in s. 288.106. |
237 | (3) To be eligible for consideration for an innovation |
238 | incentive award, an innovation business, a or research and |
239 | development entity, or an alternative and renewable energy |
240 | company project must submit a written application to Enterprise |
241 | Florida, Inc., before making a decision to locate new operations |
242 | in this state or expand an existing operation in this state. The |
243 | application must include, but not be limited to: |
244 | (a) The applicant's federal employer identification |
245 | number, unemployment account number, and state sales tax |
246 | registration number. If such numbers are not available at the |
247 | time of application, they must be submitted to the office in |
248 | writing prior to the disbursement of any payments under this |
249 | section. |
250 | (b) The location in this state at which the project is |
251 | located or is to be located. |
252 | (c) A description of the type of business activity, |
253 | product, or research and development undertaken by the |
254 | applicant, including six-digit North American Industry |
255 | Classification System codes for all activities included in the |
256 | project. |
257 | (d) The applicant's projected investment in the project. |
258 | (e) The total investment, from all sources, in the |
259 | project. |
260 | (f) The number of net new full-time equivalent jobs in |
261 | this state the applicant anticipates having created as of |
262 | December 31 of each year in the project and the average annual |
263 | wage of such jobs. |
264 | (g) The total number of full-time equivalent employees |
265 | currently employed by the applicant in this state, if |
266 | applicable. |
267 | (h) The anticipated commencement date of the project. |
268 | (i) A detailed explanation of why the innovation incentive |
269 | is needed to induce the applicant to expand or locate in the |
270 | state and whether an award would cause the applicant to locate |
271 | or expand in this state. |
272 | (j) If applicable, an estimate of the proportion of the |
273 | revenues resulting from the project that will be generated |
274 | outside this state. |
275 | (4) To qualify for review by the office, the applicant |
276 | must, at a minimum, establish the following to the satisfaction |
277 | of Enterprise Florida, Inc., and the office: |
278 | (d) For an alternative and renewable energy project in |
279 | this state, the project must: |
280 | 1. Demonstrate a plan for significant collaboration with |
281 | an institution of higher education; |
282 | 2. Provide the state, at a minimum, a break-even return on |
283 | investment within a 20-year period; |
284 | 3. Include matching funds provided by the applicant or |
285 | other available sources. The match requirement may be reduced or |
286 | waived in rural areas of critical economic concern or reduced in |
287 | rural areas, brownfield areas, and enterprise zones This |
288 | requirement may be waived if the office and the department |
289 | determine that the merits of the individual project or the |
290 | specific circumstances warrant such action; |
291 | 4. Be located in this state; and |
292 | 5. Provide at least 35 direct, new jobs that pay an |
293 | estimated annual average wage that equals at least 130 percent |
294 | of the average private sector wage. The average wage requirement |
295 | may be waived if the office and the commission determine that |
296 | the merits of the individual project or the specific |
297 | circumstances warrant such action; and |
298 | 6. Meet one of the following criteria: |
299 | a. Result in the creation of at least 35 direct, new jobs |
300 | at the business. |
301 | b. Have an activity or product that uses feedstock or |
302 | other raw materials grown or produced in this state. |
303 | c. Have a cumulative investment of at least $50 million |
304 | within a 5-year period. |
305 | d. Address the technical feasibility of the technology, |
306 | and the extent to which the proposed project has been |
307 | demonstrated to be technically feasible based on pilot project |
308 | demonstrations, laboratory testing, scientific modeling, or |
309 | engineering or chemical theory that supports the proposal. |
310 | e. Include innovative technology and the degree to which |
311 | the project or business incorporates an innovative new |
312 | technology or an innovative application of an existing |
313 | technology. |
314 | f. Include production potential and the degree to which a |
315 | project or business generates thermal, mechanical, or electrical |
316 | energy by means of a renewable energy resource that has |
317 | substantial long-term production potential. The project must, to |
318 | the extent possible, quantify annual production potential in |
319 | megawatts or kilowatts. |
320 | g. Include and address energy efficiency and the degree to |
321 | which a project demonstrates efficient use of energy, water, and |
322 | material resources. |
323 | h. Include project management and the ability of |
324 | management to administer and complete the business project. |
325 | (5) Enterprise Florida, Inc., shall evaluate proposals for |
326 | all three categories of innovation incentive awards and transmit |
327 | recommendations for awards to the office. Before making its |
328 | recommendations on alternative and renewable energy projects, |
329 | Enterprise Florida, Inc., shall solicit comments and |
330 | recommendations from the Florida Energy and Climate Commission |
331 | for alternative and renewable energy project proposals. For each |
332 | project, the Such evaluation and recommendation to the office |
333 | must include, but need not be limited to: |
334 | (a) A description of the project, its required facilities, |
335 | and the associated product, service, or research and development |
336 | associated with the project. |
337 | (b) The percentage of match provided for the project. |
338 | (c) The number of full-time equivalent jobs that will be |
339 | created by the project, the total estimated average annual wages |
340 | of such jobs, and the types of business activities and jobs |
341 | likely to be stimulated by the project. |
342 | (d) The cumulative investment to be dedicated to the |
343 | project within 5 years and the total investment expected in the |
344 | project if more than 5 years. |
345 | (e) The projected economic and fiscal impacts on the local |
346 | and state economies relative to investment. |
347 | (f) A statement of any special impacts the project is |
348 | expected to stimulate in a particular business sector in the |
349 | state or regional economy or in the state's universities and |
350 | community colleges. |
351 | (g) A statement of any anticipated or proposed |
352 | relationships with state universities. |
353 | (h) A statement of the role the incentive is expected to |
354 | play in the decision of the applicant to locate or expand in |
355 | this state. |
356 | (i) A recommendation and explanation of the amount of the |
357 | award needed to cause the applicant to expand or locate in this |
358 | state. |
359 | (j) A discussion of the efforts and commitments made by |
360 | the local community in which the project is to be located to |
361 | induce the applicant's location or expansion, taking into |
362 | consideration local resources and abilities. |
363 | (k) A recommendation for specific performance criteria the |
364 | applicant would be expected to achieve in order to receive |
365 | payments from the fund and penalties or sanctions for failure to |
366 | meet or maintain performance conditions. |
367 | (l) Additional evaluative criteria for a research and |
368 | development facility project, including: |
369 | 1. A description of the extent to which the project has |
370 | the potential to serve as catalyst for an emerging or evolving |
371 | cluster. |
372 | 2. A description of the extent to which the project has or |
373 | could have a long-term collaborative research and development |
374 | relationship with one or more universities or community colleges |
375 | in this state. |
376 | 3. A description of the existing or projected impact of |
377 | the project on established clusters or targeted industry |
378 | sectors. |
379 | 4. A description of the project's contribution to the |
380 | diversity and resiliency of the innovation economy of this |
381 | state. |
382 | 5. A description of the project's impact on special needs |
383 | communities, including, but not limited to, rural areas, |
384 | distressed urban areas, and enterprise zones. |
385 | (m) Additional evaluative criteria for alternative and |
386 | renewable energy proposals, including: |
387 | 1. The availability of matching funds or other in-kind |
388 | contributions applied to the total project from an applicant. |
389 | The commission shall give greater preference to projects that |
390 | provide such matching funds or other in-kind contributions. |
391 | 2. The degree to which the project stimulates in-state |
392 | capital investment and economic development in metropolitan and |
393 | rural areas, including the creation of jobs and the future |
394 | development of a commercial market for renewable energy |
395 | technologies. |
396 | 3. The extent to which the proposed project has been |
397 | demonstrated to be technically feasible based on pilot project |
398 | demonstrations, laboratory testing, scientific modeling, or |
399 | engineering or chemical theory that supports the proposal. |
400 | 4. The degree to which the project incorporates an |
401 | innovative new technology or an innovative application of an |
402 | existing technology. |
403 | 5. The degree to which a project generates thermal, |
404 | mechanical, or electrical energy by means of a renewable energy |
405 | resource that has substantial long-term production potential. |
406 | 6. The degree to which a project demonstrates efficient |
407 | use of energy and material resources. |
408 | 7. The degree to which the project fosters overall |
409 | understanding and appreciation of renewable energy technologies. |
410 | 8. The ability to administer a complete project. |
411 | 9. Project duration and timeline for expenditures. |
412 | 10. The geographic area in which the project is to be |
413 | conducted in relation to other projects. |
414 | 11. The degree of public visibility and interaction. |
415 | (7) Upon receipt of the evaluation and recommendation from |
416 | Enterprise Florida, Inc., and from the Florida Energy and |
417 | Climate Commission for alternative and renewable energy project |
418 | proposals, the director shall recommend to the Governor the |
419 | approval or disapproval of an award. In recommending approval of |
420 | an award, the director shall include proposed performance |
421 | conditions that the applicant must meet in order to obtain |
422 | incentive funds and any other conditions that must be met before |
423 | the receipt of any incentive funds. The Governor shall consult |
424 | with the President of the Senate and the Speaker of the House of |
425 | Representatives before giving approval for an award. Upon review |
426 | and approval of an award by the Legislative Budget Commission, |
427 | the Executive Office of the Governor shall release the funds |
428 | pursuant to the legislative consultation and review requirements |
429 | set forth in s. 216.177. |
430 | (8)(a) After the conditions Upon approval by the Governor |
431 | and release of the funds as set forth in subsection (7) have |
432 | been met, the director shall issue a letter certifying the |
433 | applicant as qualified for an award. The office and the award |
434 | recipient applicant shall enter into an agreement that sets |
435 | forth the conditions for payment of the incentive funds |
436 | incentives. The agreement must include, at a minimum: |
437 | 1. The total amount of funds awarded.; |
438 | 2. The performance conditions that must be met in order to |
439 | obtain the award or portions of the award, including, but not |
440 | limited to, net new employment in the state, average wage, and |
441 | total cumulative investment.; |
442 | 3. Demonstration of a baseline of current service and a |
443 | measure of enhanced capability.; |
444 | 4. The methodology for validating performance.; |
445 | 5. The schedule of payments.; and |
446 | 6. Sanctions for failure to meet performance conditions, |
447 | including any clawback provisions. |
448 | (b) Additionally, agreements signed on or after July 1, |
449 | 2009, must include the following provisions: |
450 | 1. Notwithstanding subsection (4), a requirement that the |
451 | jobs created by the recipient of the incentive funds pay an |
452 | annual average wage at least equal to the relevant industry's |
453 | annual average wage or at least 130 percent of the average |
454 | private-sector wage, whichever is greater. |
455 | 2. A reinvestment requirement. Each recipient of an award |
456 | shall reinvest up to 15 percent of net royalty revenues, |
457 | including revenues from spin-off companies and the revenues from |
458 | the sale of stock it receives from the licensing or transfer of |
459 | inventions, methods, processes, and other patentable discoveries |
460 | conceived or reduced to practice using its facilities in Florida |
461 | or its Florida-based employees, in whole or in part, and to |
462 | which the recipient of the grant becomes entitled during the 20 |
463 | years following the effective date of its agreement with the |
464 | office. Each recipient of an award also shall reinvest up to 15 |
465 | percent of the gross revenues it receives from naming |
466 | opportunities associated with any facility it builds in this |
467 | state. Reinvestment payments shall commence no later than 6 |
468 | months after the recipient of the grant has received the final |
469 | disbursement under the contract and shall continue until the |
470 | maximum reinvestment, as specified in the contract, has been |
471 | paid. Reinvestment payments shall be remitted to the office for |
472 | deposit in the Biomedical Research Trust Fund for companies |
473 | specializing in biomedicine or life sciences, or in the Economic |
474 | Development Trust Fund for companies specializing in fields |
475 | other than biomedicine or the life sciences. If these trust |
476 | funds no longer exist at the time of the reinvestment, the |
477 | state's share of reinvestment shall be deposited in their |
478 | successor trust funds as determined by law. Each recipient of an |
479 | award shall annually submit a schedule of the shares of stock |
480 | held by it as payment of the royalty required by this paragraph |
481 | and report on any trades or activity concerning such stock. Each |
482 | recipient's reinvestment obligations survive the expiration or |
483 | termination of its agreement with the state. |
484 | 3. Requirements for the establishment of internship |
485 | programs or other learning opportunities for educators and |
486 | secondary, postsecondary, graduate, and doctoral students. |
487 | 4. A requirement that the recipient submit quarterly |
488 | reports and annual reports related to activities and performance |
489 | to the office, according to standardized reporting periods. |
490 | 5. A requirement for an annual accounting to the office of |
491 | the expenditure of funds disbursed under this section. |
492 | 6. A process for amending the agreement. |
493 | (9) Enterprise Florida, Inc., shall assist the office in |
494 | validating the performance of an innovation business, a or |
495 | research and development facility, or an alternative and |
496 | renewable energy business that has received an award. At the |
497 | conclusion of the innovation incentive award agreement, or its |
498 | earlier termination, Enterprise Florida, Inc., shall, within 90 |
499 | days, submit a report the results of the innovation incentive |
500 | award to the Governor, the President of the Senate, and the |
501 | Speaker of the House of Representatives detailing whether the |
502 | recipient of the innovation incentive grant achieved its |
503 | specified outcomes. |
504 | (10) Each recipient of an award shall comply with |
505 | Enterprise Florida, Inc., shall develop business ethics |
506 | standards developed by Enterprise Florida, Inc., which are based |
507 | on appropriate best industry practices which shall be applicable |
508 | to all award recipients. The standards shall address ethical |
509 | duties of business enterprises, fiduciary responsibilities of |
510 | management, and compliance with the laws of this state. |
511 | Enterprise Florida, Inc., may collaborate with the State |
512 | University System in reviewing and evaluating appropriate |
513 | business ethics standards. Such standards shall be provided to |
514 | the Governor, the President of the Senate, and the Speaker of |
515 | the House of Representatives by December 31, 2006. An award |
516 | agreement entered into on or after December 31, 2006, shall |
517 | require a recipient to comply with the business ethics standards |
518 | developed pursuant to this section. |
519 | (11)(a) Beginning January 5, 2010, and every year |
520 | thereafter, the office shall submit to the Governor, the |
521 | President of the Senate, and the Speaker of the House of |
522 | Representatives a report summarizing the activities and |
523 | accomplishments of the recipients of grants from the Innovation |
524 | Incentive Program during the previous 12 months and an |
525 | evaluation by the office of whether the recipients are catalysts |
526 | for additional direct and indirect economic development in |
527 | Florida. |
528 | (b) Beginning March 1, 2010, and every third year |
529 | thereafter, the Office of Program Policy Analysis and Government |
530 | Accountability, in consultation with the Auditor General's |
531 | Office, shall release a report evaluating the Innovation |
532 | Incentive Program's progress toward creating clusters of high- |
533 | wage, high-skilled, complementary industries that serve as |
534 | catalysts for economic growth specifically in the regions in |
535 | which they are located, and generally for the state as a whole. |
536 | Such report should include critical analyses of quarterly and |
537 | annual reports, annual audits, and other documents prepared by |
538 | the Innovation Incentive program awardees; relevant economic |
539 | development reports prepared by the office, Enterprise Florida, |
540 | Inc., and local or regional economic development organizations; |
541 | interviews with the parties involved; and any other relevant |
542 | data. Such report should also include legislative |
543 | recommendations, if necessary, on how to improve the Innovation |
544 | Incentive Program so that the program reaches its anticipated |
545 | potential as a catalyst for direct and indirect economic |
546 | development in this state. |
547 | (12) The office may seek the assistance of the Office of |
548 | Program Policy Analysis and Government Accountability, the |
549 | Legislature's Office of Economic and Demographic Research, and |
550 | other entities for the purpose of developing performance |
551 | measures or techniques to quantify the synergistic economic |
552 | development impacts that awardees of grants are having within |
553 | their communities. |
554 | Section 2. Subsection (6) of section 166.231, Florida |
555 | Statutes, is amended to read: |
556 | 166.231 Municipalities; public service tax.-- |
557 | (6) A municipality may exempt from the tax imposed by this |
558 | section any amount up to, and including, the total amount of |
559 | electricity, metered natural gas, liquefied petroleum gas either |
560 | metered or bottled, or manufactured gas either metered or |
561 | bottled purchased per month, or reduce the rate of taxation on |
562 | the purchase of such electricity or gas when purchased by an |
563 | industrial consumer which uses the electricity or gas directly |
564 | in industrial manufacturing, processing, compounding, or a |
565 | production process, at a fixed location in the municipality, of |
566 | items of tangible personal property for sale. The municipality |
567 | shall establish the requirements for qualification for this |
568 | exemption in the manner prescribed by ordinance. Possession by a |
569 | seller of a written certification by the purchaser, certifying |
570 | the purchaser's entitlement to an exemption permitted by this |
571 | subsection, relieves the seller from the responsibility of |
572 | collecting the tax on the nontaxable amounts, and the |
573 | municipality shall look solely to the purchaser for recovery of |
574 | such tax if it determines that the purchaser was not entitled to |
575 | the exemption. Any municipality granting an exemption pursuant |
576 | to this subsection shall grant the exemption to all companies |
577 | classified in the same five-digit NAICS SIC Industry Major Group |
578 | Number. As used in this subsection, "NAICS" means those |
579 | classifications contained in the North American Industry |
580 | Classification System, as published in 2007 by the Office of |
581 | Management and Budget, Executive Office of the President. |
582 | Section 3. Paragraphs (a) and (i) of subsection (1) of |
583 | section 212.05, Florida Statutes, are amended to read: |
584 | 212.05 Sales, storage, use tax. --It is hereby declared to |
585 | be the legislative intent that every person is exercising a |
586 | taxable privilege who engages in the business of selling |
587 | tangible personal property at retail in this state, including |
588 | the business of making mail order sales, or who rents or |
589 | furnishes any of the things or services taxable under this |
590 | chapter, or who stores for use or consumption in this state any |
591 | item or article of tangible personal property as defined herein |
592 | and who leases or rents such property within the state. |
593 | (1) For the exercise of such privilege, a tax is levied on |
594 | each taxable transaction or incident, which tax is due and |
595 | payable as follows: |
596 | (a)1.a. At the rate of 6 percent of the sales price of |
597 | each item or article of tangible personal property when sold at |
598 | retail in this state, computed on each taxable sale for the |
599 | purpose of remitting the amount of tax due the state, and |
600 | including each and every retail sale. |
601 | b. Each occasional or isolated sale of an aircraft, boat, |
602 | mobile home, or motor vehicle of a class or type which is |
603 | required to be registered, licensed, titled, or documented in |
604 | this state or by the United States Government shall be subject |
605 | to tax at the rate provided in this paragraph. The department |
606 | shall by rule adopt any nationally recognized publication for |
607 | valuation of used motor vehicles as the reference price list for |
608 | any used motor vehicle which is required to be licensed pursuant |
609 | to s. 320.08(1), (2), (3)(a), (b), (c), or (e), or (9). If any |
610 | party to an occasional or isolated sale of such a vehicle |
611 | reports to the tax collector a sales price which is less than 80 |
612 | percent of the average loan price for the specified model and |
613 | year of such vehicle as listed in the most recent reference |
614 | price list, the tax levied under this paragraph shall be |
615 | computed by the department on such average loan price unless the |
616 | parties to the sale have provided to the tax collector an |
617 | affidavit signed by each party, or other substantial proof, |
618 | stating the actual sales price. Any party to such sale who |
619 | reports a sales price less than the actual sales price is guilty |
620 | of a misdemeanor of the first degree, punishable as provided in |
621 | s. 775.082 or s. 775.083. The department shall collect or |
622 | attempt to collect from such party any delinquent sales taxes. |
623 | In addition, such party shall pay any tax due and any penalty |
624 | and interest assessed plus a penalty equal to twice the amount |
625 | of the additional tax owed. Notwithstanding any other provision |
626 | of law, the Department of Revenue may waive or compromise any |
627 | penalty imposed pursuant to this subparagraph. |
628 | 2. This paragraph does not apply to the sale of a boat or |
629 | aircraft by or through a registered dealer under this chapter to |
630 | a purchaser who, at the time of taking delivery, is a |
631 | nonresident of this state, does not make his or her permanent |
632 | place of abode in this state, and is not engaged in carrying on |
633 | in this state any employment, trade, business, or profession in |
634 | which the boat or aircraft will be used in this state, or is a |
635 | corporation none of the officers or directors of which is a |
636 | resident of, or makes his or her permanent place of abode in, |
637 | this state, or is a noncorporate entity that has no individual |
638 | vested with authority to participate in the management, |
639 | direction, or control of the entity's affairs who is a resident |
640 | of, or makes his or her permanent abode in, this state. For |
641 | purposes of this exemption, either a registered dealer acting on |
642 | his or her own behalf as seller, a registered dealer acting as |
643 | broker on behalf of a seller, or a registered dealer acting as |
644 | broker on behalf of the purchaser may be deemed to be the |
645 | selling dealer. This exemption shall not be allowed unless: |
646 | a. The purchaser removes a qualifying boat, as described |
647 | in sub-subparagraph f., from the state within 90 days after the |
648 | date of purchase or extension, or the purchaser removes a |
649 | nonqualifying boat or an aircraft from this state within 10 days |
650 | after the date of purchase or, when the boat or aircraft is |
651 | repaired or altered, within 20 days after completion of the |
652 | repairs or alterations; |
653 | b. The purchaser, within 30 days from the date of |
654 | departure, shall provide the department with written proof that |
655 | the purchaser licensed, registered, titled, or documented the |
656 | boat or aircraft outside the state. If such written proof is |
657 | unavailable, within 30 days the purchaser shall provide proof |
658 | that the purchaser applied for such license, title, |
659 | registration, or documentation. The purchaser shall forward to |
660 | the department proof of title, license, registration, or |
661 | documentation upon receipt. |
662 | c. The purchaser, within 10 days of removing the boat or |
663 | aircraft from Florida, shall furnish the department with proof |
664 | of removal in the form of receipts for fuel, dockage, slippage, |
665 | tie-down, or hangaring from outside of Florida. The information |
666 | so provided must clearly and specifically identify the boat or |
667 | aircraft; |
668 | d. The selling dealer, within 5 days of the date of sale, |
669 | shall provide to the department a copy of the sales invoice, |
670 | closing statement, bills of sale, and the original affidavit |
671 | signed by the purchaser attesting that he or she has read the |
672 | provisions of this section; |
673 | e. The seller makes a copy of the affidavit a part of his |
674 | or her record for as long as required by s. 213.35; and |
675 | f. Unless the nonresident purchaser of a boat of 5 net |
676 | tons of admeasurement or larger intends to remove the boat from |
677 | this state within 10 days after the date of purchase or when the |
678 | boat is repaired or altered, within 20 days after completion of |
679 | the repairs or alterations, the nonresident purchaser shall |
680 | apply to the selling dealer for a decal which authorizes 90 days |
681 | after the date of purchase for removal of the boat. The |
682 | nonresident purchaser of a qualifying boat may apply to the |
683 | selling dealer within 60 days after the date of purchase for an |
684 | extension decal that authorizes the boat to remain in this state |
685 | for an additional 90 days, but not more than a total of 180 |
686 | days, before the nonresident purchaser is required to pay the |
687 | tax imposed by this chapter. The department is authorized to |
688 | issue decals in advance to dealers. The number of decals issued |
689 | in advance to a dealer shall be consistent with the volume of |
690 | the dealer's past sales of boats which qualify under this sub- |
691 | subparagraph. The selling dealer or his or her agent shall mark |
692 | and affix the decals to qualifying boats in the manner |
693 | prescribed by the department, prior to delivery of the boat. |
694 | (I) The department is hereby authorized to charge dealers |
695 | a fee sufficient to recover the costs of decals issued, except |
696 | the extension decal shall cost $425. |
697 | (II) The proceeds from the sale of decals will be |
698 | deposited into the administrative trust fund. |
699 | (III) Decals shall display information to identify the |
700 | boat as a qualifying boat under this sub-subparagraph, |
701 | including, but not limited to, the decal's date of expiration. |
702 | (IV) The department is authorized to require dealers who |
703 | purchase decals to file reports with the department and may |
704 | prescribe all necessary records by rule. All such records are |
705 | subject to inspection by the department. |
706 | (V) Any dealer or his or her agent who issues a decal |
707 | falsely, fails to affix a decal, mismarks the expiration date of |
708 | a decal, or fails to properly account for decals will be |
709 | considered prima facie to have committed a fraudulent act to |
710 | evade the tax and will be liable for payment of the tax plus a |
711 | mandatory penalty of 200 percent of the tax, and shall be liable |
712 | for fine and punishment as provided by law for a conviction of a |
713 | misdemeanor of the first degree, as provided in s. 775.082 or s. |
714 | 775.083. |
715 | (VI) Any nonresident purchaser of a boat who removes a |
716 | decal prior to permanently removing the boat from the state, or |
717 | defaces, changes, modifies, or alters a decal in a manner |
718 | affecting its expiration date prior to its expiration, or who |
719 | causes or allows the same to be done by another, will be |
720 | considered prima facie to have committed a fraudulent act to |
721 | evade the tax and will be liable for payment of the tax plus a |
722 | mandatory penalty of 200 percent of the tax, and shall be liable |
723 | for fine and punishment as provided by law for a conviction of a |
724 | misdemeanor of the first degree, as provided in s. 775.082 or s. |
725 | 775.083. |
726 | (VII) The department is authorized to adopt rules |
727 | necessary to administer and enforce this subparagraph and to |
728 | publish the necessary forms and instructions. |
729 | (VIII) The department is hereby authorized to adopt |
730 | emergency rules pursuant to s. 120.54(4) to administer and |
731 | enforce the provisions of this subparagraph. |
732 |
|
733 | If the purchaser fails to remove the qualifying boat from |
734 | this state within the maximum 180 90 days after purchase or a |
735 | nonqualifying boat or an aircraft from this state within 10 days |
736 | after purchase or, when the boat or aircraft is repaired or |
737 | altered, within 20 days after completion of such repairs or |
738 | alterations, or permits the boat or aircraft to return to this |
739 | state within 6 months from the date of departure, or if the |
740 | purchaser fails to furnish the department with any of the |
741 | documentation required by this subparagraph within the |
742 | prescribed time period, the purchaser shall be liable for use |
743 | tax on the cost price of the boat or aircraft and, in addition |
744 | thereto, payment of a penalty to the Department of Revenue equal |
745 | to the tax payable. This penalty shall be in lieu of the penalty |
746 | imposed by s. 212.12(2) and is mandatory and shall not be waived |
747 | by the department. The maximum 180-day 90-day period following |
748 | the sale of a qualifying boat tax-exempt to a nonresident may |
749 | not be tolled for any reason. Notwithstanding other provisions |
750 | of this paragraph to the contrary, an aircraft purchased in this |
751 | state under the provisions of this paragraph may be returned to |
752 | this state for repairs within 6 months after the date of its |
753 | departure without being in violation of the law and without |
754 | incurring liability for the payment of tax or penalty on the |
755 | purchase price of the aircraft if the aircraft is removed from |
756 | this state within 20 days after the completion of the repairs |
757 | and if such removal can be demonstrated by invoices for fuel, |
758 | tie-down, hangar charges issued by out-of-state vendors or |
759 | suppliers, or similar documentation. |
760 | (i)1. At the rate of 6 percent on charges for all: |
761 | a. Detective, burglar protection, and other protection |
762 | services (NAICS National SIC Industry Numbers 561611, 561612, |
763 | 561613, 7381 and 561621 7382). Any law enforcement officer, as |
764 | defined in s. 943.10, who is performing approved duties as |
765 | determined by his or her local law enforcement agency in his or |
766 | her capacity as a law enforcement officer, and who is subject to |
767 | the direct and immediate command of his or her law enforcement |
768 | agency, and in the law enforcement officer's uniform as |
769 | authorized by his or her law enforcement agency, is performing |
770 | law enforcement and public safety services and is not performing |
771 | detective, burglar protection, or other protective services, if |
772 | the law enforcement officer is performing his or her approved |
773 | duties in a geographical area in which the law enforcement |
774 | officer has arrest jurisdiction. Such law enforcement and public |
775 | safety services are not subject to tax irrespective of whether |
776 | the duty is characterized as "extra duty," "off-duty," or |
777 | "secondary employment," and irrespective of whether the officer |
778 | is paid directly or through the officer's agency by an outside |
779 | source. The term "law enforcement officer" includes full-time or |
780 | part-time law enforcement officers, and any auxiliary law |
781 | enforcement officer, when such auxiliary law enforcement officer |
782 | is working under the direct supervision of a full-time or part- |
783 | time law enforcement officer. |
784 | b. Nonresidential cleaning and nonresidential pest control |
785 | services (NAICS National Numbers 561710 and 561720 SIC Industry |
786 | Group Number 734). |
787 | 2. As used in this paragraph, "NAICS SIC" means those |
788 | classifications contained in the North American Industry |
789 | Standard Industrial Classification System Manual, 1987, as |
790 | published in 2007 by the Office of Management and Budget, |
791 | Executive Office of the President. |
792 | 3. Charges for detective, burglar protection, and other |
793 | protection security services performed in this state but used |
794 | outside this state are exempt from taxation. Charges for |
795 | detective, burglar protection, and other protection security |
796 | services performed outside this state and used in this state are |
797 | subject to tax. |
798 | 4. If a transaction involves both the sale or use of a |
799 | service taxable under this paragraph and the sale or use of a |
800 | service or any other item not taxable under this chapter, the |
801 | consideration paid must be separately identified and stated with |
802 | respect to the taxable and exempt portions of the transaction or |
803 | the entire transaction shall be presumed taxable. The burden |
804 | shall be on the seller of the service or the purchaser of the |
805 | service, whichever applicable, to overcome this presumption by |
806 | providing documentary evidence as to which portion of the |
807 | transaction is exempt from tax. The department is authorized to |
808 | adjust the amount of consideration identified as the taxable and |
809 | exempt portions of the transaction; however, a determination |
810 | that the taxable and exempt portions are inaccurately stated and |
811 | that the adjustment is applicable must be supported by |
812 | substantial competent evidence. |
813 | 5. Each seller of services subject to sales tax pursuant |
814 | to this paragraph shall maintain a monthly log showing each |
815 | transaction for which sales tax was not collected because the |
816 | services meet the requirements of subparagraph 3. for out-of- |
817 | state use. The log must identify the purchaser's name, location |
818 | and mailing address, and federal employer identification number, |
819 | if a business, or the social security number, if an individual, |
820 | the service sold, the price of the service, the date of sale, |
821 | the reason for the exemption, and the sales invoice number. The |
822 | monthly log shall be maintained pursuant to the same |
823 | requirements and subject to the same penalties imposed for the |
824 | keeping of similar records pursuant to this chapter. |
825 | Section 4. Paragraph (b) of subsection (10) of section |
826 | 212.097, Florida Statutes, are amended to read: |
827 | 212.097 Urban High-Crime Area Job Tax Credit Program.-- |
828 | (10) |
829 | (b) Applications shall be reviewed and certified pursuant |
830 | to s. 288.061. Within 30 working days after receipt of an |
831 | application for credit, the Office of Tourism, Trade, and |
832 | Economic Development shall review the application to determine |
833 | whether it contains all the information required by this |
834 | subsection and meets the criteria set out in this section. |
835 | Subject to the provisions of paragraph (c), the Office of |
836 | Tourism, Trade, and Economic Development shall approve all |
837 | applications that contain the information required by this |
838 | subsection and meet the criteria set out in this section as |
839 | eligible to receive a credit. |
840 | Section 5. Paragraph (c) of subsection (1) of section |
841 | 212.098, Florida Statutes, is amended to read: |
842 | 212.098 Rural Job Tax Credit Program.-- |
843 | (1) As used in this section, the term: |
844 | (c) "Qualified area" means any area that is contained |
845 | within a rural area of critical economic concern designated |
846 | under s. 288.0656, a county that has a population of fewer than |
847 | 75,000 persons, a or any county that has a population of 125,000 |
848 | 100,000 or less and is contiguous to a county that has a |
849 | population of less than 75,000, selected in the following |
850 | manner: every third year, the Office of Tourism, Trade, and |
851 | Economic Development shall rank and tier the state's counties |
852 | according to the following four factors: |
853 | 1. Highest unemployment rate for the most recent 36-month |
854 | period. |
855 | 2. Lowest per capita income for the most recent 36-month |
856 | period. |
857 | 3. Highest percentage of residents whose incomes are below |
858 | the poverty level, based upon the most recent data available. |
859 | 4. Average weekly manufacturing wage, based upon the most |
860 | recent data available. |
861 | Section 6. Subparagraph 3. of paragraph (k) of subsection |
862 | (8) of section 213.053, Florida Statutes, is created to read: |
863 | 213.053 Confidentiality and information sharing.-- |
864 | (8) Notwithstanding any other provision of this section, |
865 | the department may provide: |
866 | (k)1. Payment information relative to chapters 199, 201, |
867 | 202, 212, 220, 221, and 624 to the Office of Tourism, Trade, and |
868 | Economic Development, or its employees or agents that are |
869 | identified in writing by the office to the department, in the |
870 | administration of the tax refund program for qualified defense |
871 | contractors and space flight business contractors authorized by |
872 | s. 288.1045 and the tax refund program for qualified target |
873 | industry businesses authorized by s. 288.106. |
874 | 2. Information relative to tax credits taken by a business |
875 | under s. 220.191 and exemptions or tax refunds received by a |
876 | business under s. 212.08(5)(j) to the Office of Tourism, Trade, |
877 | and Economic Development, or its employees or agents that are |
878 | identified in writing by the office to the department, in the |
879 | administration and evaluation of the capital investment tax |
880 | credit program authorized in s. 220.191 and the semiconductor, |
881 | defense, and space tax exemption program authorized in s. |
882 | 212.08(5)(j). |
883 | 3. Information relative to tax credits taken by a taxpayer |
884 | pursuant to the tax credit programs created in ss. 193.017; |
885 | 212.08(5)(g),(h),(n),(o) and (p); 212.08(15); 212.096; 212.097; |
886 | 212.098; 220.181; 220.182; 220,183; 220.184; 220.1845; 220.185; |
887 | 220.1895; 220.19; 220.191; 220.192; 220.193; 288.0656; 288.99; |
888 | 290.007; 376.30781; 420.5093; 420.5099; 550.0951; 550.26352; |
889 | 550.2704; 601.155; 624.509; 624.510; 624.5105; and 624.5107 to |
890 | the Office of Tourism, Trade, and Economic Development, or its |
891 | employees or agents that are identified in writing by the office |
892 | to the department, for use in the administration or evaluation |
893 | of such programs. |
894 |
|
895 | Disclosure of information under this subsection shall be |
896 | pursuant to a written agreement between the executive director |
897 | and the agency. Such agencies, governmental or nongovernmental, |
898 | shall be bound by the same requirements of confidentiality as |
899 | the Department of Revenue. Breach of confidentiality is a |
900 | misdemeanor of the first degree, punishable as provided by s. |
901 | 775.082 or s. 775.083. |
902 | Section 7. Paragraph (b) of subsection (5) of section |
903 | 220.15, Florida Statutes, is amended to read: |
904 | 220.15 Apportionment of adjusted federal income.-- |
905 | (5) The sales factor is a fraction the numerator of which |
906 | is the total sales of the taxpayer in this state during the |
907 | taxable year or period and the denominator of which is the total |
908 | sales of the taxpayer everywhere during the taxable year or |
909 | period. |
910 | (b)1. Sales of tangible personal property occur in this |
911 | state if the property is delivered or shipped to a purchaser |
912 | within this state, regardless of the f.o.b. point, other |
913 | conditions of the sale, or ultimate destination of the property, |
914 | unless shipment is made via a common or contract carrier. |
915 | However, for industries in NAICS National SIC Industry Number |
916 | 311411 2037, if the ultimate destination of the product is to a |
917 | location outside this state, regardless of the method of |
918 | shipment or f.o.b. point, the sale shall not be deemed to occur |
919 | in this state. As used in this paragraph, "NAICS" means those |
920 | classifications contained in the North American Industry |
921 | Classification System, as published in 2007 by the Office of |
922 | Management and Budget, Executive Office of the President. |
923 | 2. When citrus fruit is delivered by a cooperative for a |
924 | grower-member, by a grower-member to a cooperative, or by a |
925 | grower-participant to a Florida processor, the sales factor for |
926 | the growers for such citrus fruit delivered to such processor |
927 | shall be the same as the sales factor for the most recent |
928 | taxable year of that processor. That sales factor, expressed |
929 | only as a percentage and not in terms of the dollar volume of |
930 | sales, so as to protect the confidentiality of the sales of the |
931 | processor, shall be furnished on the request of such a grower |
932 | promptly after it has been determined for that taxable year. |
933 | 3. Reimbursement of expenses under an agency contract |
934 | between a cooperative, a grower-member of a cooperative, or a |
935 | grower and a processor is not a sale within this state. |
936 | Section 8. Subsection (5) of section 220.191, Florida |
937 | Statutes, is amended to read: |
938 | 220.191 Capital investment tax credit.-- |
939 | (5) Applications shall be reviewed and certified pursuant |
940 | to s. 288.061. The office, upon a recommendation by Enterprise |
941 | Florida, Inc., shall first certify a business as eligible to |
942 | receive tax credits pursuant to this section prior to the |
943 | commencement of operations of a qualifying project, and such |
944 | certification shall be transmitted to the Department of Revenue. |
945 | Upon receipt of the certification, the Department of Revenue |
946 | shall enter into a written agreement with the qualifying |
947 | business specifying, at a minimum, the method by which income |
948 | generated by or arising out of the qualifying project will be |
949 | determined. |
950 | Section 9. Section 288.061, Florida Statutes, is created |
951 | to read: |
952 | 288.061 Economic development incentive application |
953 | process.-- |
954 | (1) Within 10 business days after receiving a submitted |
955 | economic development incentive application, Enterprise Florida, |
956 | Inc., shall review the application and inform the applicant |
957 | business whether or not its application is complete. Within 10 |
958 | business days after the application is deemed complete, |
959 | Enterprise Florida, Inc., shall evaluate the application and |
960 | recommend approval or disapproval of the application to the |
961 | director of the Office of Tourism, Trade, and Economic |
962 | Development. In recommending an applicant business for approval, |
963 | Enterprise Florida, Inc., shall include in its evaluation a |
964 | recommended grant award amount and a review of the applicant's |
965 | ability to meet specific program criteria. |
966 | (2) Within 10 calendar days after the Office of Tourism, |
967 | Trade, and Economic Development receives the evaluation and |
968 | recommendation from Enterprise Florida, Inc., the office shall |
969 | notify Enterprise Florida, Inc., whether or not the application |
970 | is reviewable. Within 22 calendar days after the office receives |
971 | the recommendation from Enterprise Florida, Inc., the director |
972 | of the office shall review the application and issue a letter of |
973 | certification to the applicant that approves or disapproves an |
974 | applicant business and includes a justification of that |
975 | decision, unless the business requests an extension of that |
976 | time. The final order shall specify the total amount of the |
977 | award, the performance conditions that must be met to obtain the |
978 | award, and the schedule for payment. |
979 | Section 10. Subsection (4) of section 288.063, Florida |
980 | Statutes, is amended to read: |
981 | 288.063 Contracts for transportation projects.-- |
982 | (4) The Office of Tourism, Trade, and Economic Development |
983 | may adopt criteria by which transportation projects are to be |
984 | reviewed and certified in accordance with s. 288.061 specified |
985 | and identified. In approving transportation projects for |
986 | funding, the Office of Tourism, Trade, and Economic Development |
987 | shall consider factors including, but not limited to, the cost |
988 | per job created or retained considering the amount of |
989 | transportation funds requested; the average hourly rate of wages |
990 | for jobs created; the reliance on the program as an inducement |
991 | for the project's location decision; the amount of capital |
992 | investment to be made by the business; the demonstrated local |
993 | commitment; the location of the project in an enterprise zone |
994 | designated pursuant to s. 290.0055; the location of the project |
995 | in a spaceport territory as defined in s. 331.304; the |
996 | unemployment rate of the surrounding area; the poverty rate of |
997 | the community; and the adoption of an economic element as part |
998 | of its local comprehensive plan in accordance with s. |
999 | 163.3177(7)(j). The Office of Tourism, Trade, and Economic |
1000 | Development may contact any agency it deems appropriate for |
1001 | additional input regarding the approval of projects. |
1002 | Section 11. Subsection (2) of section 288.065, Florida |
1003 | Statutes, is amended to read: |
1004 | 288.065 Rural Community Development Revolving Loan Fund.-- |
1005 | (2) The program shall provide for long-term loans, loan |
1006 | guarantees, and loan loss reserves to units of local |
1007 | governments, or economic development organizations substantially |
1008 | underwritten by a unit of local government, within counties with |
1009 | populations of 75,000 or fewer less, or within any county with |
1010 | that has a population of 125,000 100,000 or fewer which less and |
1011 | is contiguous to a county with a population of 75,000 or fewer |
1012 | less, based on as determined by the most recent official |
1013 | population estimate as determined under pursuant to s. 186.901, |
1014 | including those residing in incorporated areas and those |
1015 | residing in unincorporated areas of the county, or to units of |
1016 | local government, or economic development organizations |
1017 | substantially underwritten by a unit of local government, within |
1018 | a rural area of critical economic concern. Requests for loans |
1019 | shall be made by application to the Office of Tourism, Trade, |
1020 | and Economic Development. Loans shall be made pursuant to |
1021 | agreements specifying the terms and conditions agreed to between |
1022 | the applicant and the Office of Tourism, Trade, and Economic |
1023 | Development. The loans shall be the legal obligations of the |
1024 | applicant. All repayments of principal and interest shall be |
1025 | returned to the loan fund and made available for loans to other |
1026 | applicants. However, in a rural area of critical economic |
1027 | concern designated by the Governor, and upon approval by the |
1028 | Office of Tourism, Trade, and Economic Development, repayments |
1029 | of principal and interest may be retained by the applicant if |
1030 | such repayments are dedicated and matched to fund regionally |
1031 | based economic development organizations representing the rural |
1032 | area of critical economic concern. |
1033 | Section 12. Paragraphs (b) and (e) of subsection (2) and |
1034 | subsection (3) of section 288.0655, Florida Statutes, are |
1035 | amended to read: |
1036 | 288.0655 Rural Infrastructure Fund.-- |
1037 | (2) |
1038 | (b) To facilitate access of rural communities and rural |
1039 | areas of critical economic concern as defined by the Rural |
1040 | Economic Development Initiative to infrastructure funding |
1041 | programs of the Federal Government, such as those offered by the |
1042 | United States Department of Agriculture and the United States |
1043 | Department of Commerce, and state programs, including those |
1044 | offered by Rural Economic Development Initiative agencies, and |
1045 | to facilitate local government or private infrastructure funding |
1046 | efforts, the office may award grants for up to 30 percent of the |
1047 | total infrastructure project cost. If an application for funding |
1048 | is for a catalyst site, as defined in s. 288.0656, the office |
1049 | may award grants for up to 40 percent of the total |
1050 | infrastructure project cost. Eligible projects must be related |
1051 | to specific job-creation or job-retention opportunities. |
1052 | Eligible projects may also include improving any inadequate |
1053 | infrastructure that has resulted in regulatory action that |
1054 | prohibits economic or community growth or reducing the costs to |
1055 | community users of proposed infrastructure improvements that |
1056 | exceed such costs in comparable communities. Eligible uses of |
1057 | funds shall include improvements to public infrastructure for |
1058 | industrial or commercial sites and upgrades to or development of |
1059 | public tourism infrastructure. Authorized infrastructure may |
1060 | include the following public or public-private partnership |
1061 | facilities: storm water systems; telecommunications facilities; |
1062 | broadband facilities; roads or other remedies to transportation |
1063 | impediments; nature-based tourism facilities; or other physical |
1064 | requirements necessary to facilitate tourism, trade, and |
1065 | economic development activities in the community. Authorized |
1066 | infrastructure may also include publicly or privately owned |
1067 | self-powered nature-based tourism facilities, publicly owned |
1068 | telecommunications facilities, and broadband facilities, and |
1069 | additions to the distribution facilities of the existing natural |
1070 | gas utility as defined in s. 366.04(3)(c), the existing electric |
1071 | utility as defined in s. 366.02, or the existing water or |
1072 | wastewater utility as defined in s. 367.021(12), or any other |
1073 | existing water or wastewater facility, which owns a gas or |
1074 | electric distribution system or a water or wastewater system in |
1075 | this state where: |
1076 | 1. A contribution-in-aid of construction is required to |
1077 | serve public or public-private partnership facilities under the |
1078 | tariffs of any natural gas, electric, water, or wastewater |
1079 | utility as defined herein; and |
1080 | 2. Such utilities as defined herein are willing and able |
1081 | to provide such service. |
1082 | (e) To enable local governments to access the resources |
1083 | available pursuant to s. 403.973(18), the office may award |
1084 | grants for surveys, feasibility studies, and other activities |
1085 | related to the identification and preclearance review of land |
1086 | which is suitable for preclearance review. Authorized grants |
1087 | under this paragraph shall not exceed $75,000 each, except in |
1088 | the case of a project in a rural area of critical economic |
1089 | concern, in which case the grant shall not exceed $300,000. Any |
1090 | funds awarded under this paragraph must be matched at a level of |
1091 | 50 percent with local funds, except that any funds awarded for a |
1092 | project in a rural area of critical economic concern must be |
1093 | matched at a level of 33 percent with local funds. If an |
1094 | application for funding is for a catalyst site, as defined in s. |
1095 | 288.0656, the requirement for local match may be waived pursuant |
1096 | to the process in s. 288.06561. In evaluating applications under |
1097 | this paragraph, the office shall consider the extent to which |
1098 | the application seeks to minimize administrative and consultant |
1099 | expenses. |
1100 | (3) The office, in consultation with Enterprise Florida, |
1101 | Inc., VISIT Florida, the Department of Environmental Protection, |
1102 | and the Florida Fish and Wildlife Conservation Commission, as |
1103 | appropriate, shall review and certify applications pursuant to |
1104 | s. 288.061. The review shall include an evaluation of and |
1105 | evaluate the economic benefit of the projects and their long- |
1106 | term viability. The office shall have final approval for any |
1107 | grant under this section and must make a grant decision within |
1108 | 30 days of receiving a completed application. |
1109 | Section 13. Section 288.0656, Florida Statutes, is amended |
1110 | to read: |
1111 | 288.0656 Rural Economic Development Initiative.-- |
1112 | (1)(a) Recognizing that rural communities and regions |
1113 | continue to face extraordinary challenges in their efforts to |
1114 | significantly improve their economies, specifically in terms of |
1115 | personal income, job creation, average wages, and strong tax |
1116 | bases, it is the intent of the Legislature to encourage and |
1117 | facilitate the location and expansion of major economic |
1118 | development projects of significant scale in such rural |
1119 | communities. |
1120 | (b) The Rural Economic Development Initiative, known as |
1121 | "REDI," is created within the Office of Tourism, Trade, and |
1122 | Economic Development, and the participation of state and |
1123 | regional agencies in this initiative is authorized. |
1124 | (2) As used in this section, the term: |
1125 | (a) "Catalyst project" means a business locating or |
1126 | expanding in a rural area of critical economic concern to serve |
1127 | as an economic generator of regional significance for the growth |
1128 | of a regional target industry cluster. The project must provide |
1129 | capital investment on a scale significant enough to affect the |
1130 | entire region and result in the development of high-wage and |
1131 | high-skill jobs. |
1132 | (b) "Catalyst site" means a parcel or parcels of land |
1133 | within a rural area of critical economic concern that has been |
1134 | prioritized as a geographic site for economic development |
1135 | through partnerships with state, regional, and local |
1136 | organizations. The site must be reviewed by REDI and approved by |
1137 | the Office of Tourism, Trade, and Economic Development for the |
1138 | purposes of locating a catalyst project. |
1139 | (c)(a) "Economic distress" means conditions affecting the |
1140 | fiscal and economic viability of a rural community, including |
1141 | such factors as low per capita income, low per capita taxable |
1142 | values, high unemployment, high underemployment, low weekly |
1143 | earned wages compared to the state average, low housing values |
1144 | compared to the state average, high percentages of the |
1145 | population receiving public assistance, high poverty levels |
1146 | compared to the state average, and a lack of year-round stable |
1147 | employment opportunities. |
1148 | (d) "Rural area of critical economic concern" means a |
1149 | rural community, or a region composed of rural communities, |
1150 | designated by the Governor, that has been adversely affected by |
1151 | an extraordinary economic event, severe or chronic distress, or |
1152 | a natural disaster or that presents a unique economic |
1153 | development opportunity of regional impact. |
1154 | (e)(b) "Rural community" means: |
1155 | 1. A county with a population of 75,000 or less. |
1156 | 2. A county with a population of 125,000 100,000 or fewer |
1157 | which less that is contiguous to a county with a population of |
1158 | 75,000 or fewer less. |
1159 | 3. A municipality within a county described in subparagraph |
1160 | 1. or subparagraph 2. |
1161 | 4. An unincorporated federal enterprise community or an |
1162 | incorporated rural city with a population of 25,000 or less and |
1163 | an employment base focused on traditional agricultural or |
1164 | resource-based industries, located in a county not defined as |
1165 | rural, which has at least three or more of the economic distress |
1166 | factors identified in paragraph (c) (a) and verified by the |
1167 | Office of Tourism, Trade, and Economic Development. |
1168 |
|
1169 | For purposes of this paragraph, population shall be determined |
1170 | in accordance with the most recent official estimate pursuant to |
1171 | s. 186.901. |
1172 | (3) REDI shall be responsible for coordinating and |
1173 | focusing the efforts and resources of state and regional |
1174 | agencies on the problems which affect the fiscal, economic, and |
1175 | community viability of Florida's economically distressed rural |
1176 | communities, working with local governments, community-based |
1177 | organizations, and private organizations that have an interest |
1178 | in the growth and development of these communities to find ways |
1179 | to balance environmental and growth management issues with local |
1180 | needs. |
1181 | (4) REDI shall review and evaluate the impact of statutes |
1182 | and rules on rural communities and shall work to minimize any |
1183 | adverse impact and undertake outreach and capacity building |
1184 | efforts. |
1185 | (5) REDI shall facilitate better access to state resources |
1186 | by promoting direct access and referrals to appropriate state |
1187 | and regional agencies and statewide organizations. REDI may |
1188 | undertake outreach, capacity-building, and other advocacy |
1189 | efforts to improve conditions in rural communities. These |
1190 | activities may include sponsorship of conferences and |
1191 | achievement awards. |
1192 | (6)(a) By August 1 of each year, the head of each of the |
1193 | following agencies and organizations shall designate a deputy |
1194 | secretary or higher-level high-level staff person from within |
1195 | the agency or organization to serve as the REDI representative |
1196 | for the agency or organization: |
1197 | 1. The Department of Community Affairs. |
1198 | 2. The Department of Transportation. |
1199 | 3. The Department of Environmental Protection. |
1200 | 4. The Department of Agriculture and Consumer Services. |
1201 | 5. The Department of State. |
1202 | 6. The Department of Health. |
1203 | 7. The Department of Children and Family Services. |
1204 | 8. The Department of Corrections. |
1205 | 9. The Agency for Workforce Innovation. |
1206 | 10. The Department of Education. |
1207 | 11. The Department of Juvenile Justice. |
1208 | 12. The Fish and Wildlife Conservation Commission. |
1209 | 13. Each water management district. |
1210 | 14. Enterprise Florida, Inc. |
1211 | 15. Workforce Florida, Inc. |
1212 | 16. The Florida Commission on Tourism or VISIT Florida. |
1213 | 17. The Florida Regional Planning Council Association. |
1214 | 18. The Agency for Health Care Administration Florida |
1215 | State Rural Development Council. |
1216 | 19. The Institute of Food and Agricultural Sciences |
1217 | (IFAS). |
1218 |
|
1219 | An alternate for each designee shall also be chosen, and the |
1220 | names of the designees and alternates shall be sent to the |
1221 | director of the Office of Tourism, Trade, and Economic |
1222 | Development. |
1223 | (b) Each REDI representative must have comprehensive |
1224 | knowledge of his or her agency's functions, both regulatory and |
1225 | service in nature, and of the state's economic goals, policies, |
1226 | and programs. This person shall be the primary point of contact |
1227 | for his or her agency with REDI on issues and projects relating |
1228 | to economically distressed rural communities and with regard to |
1229 | expediting project review, shall ensure a prompt effective |
1230 | response to problems arising with regard to rural issues, and |
1231 | shall work closely with the other REDI representatives in the |
1232 | identification of opportunities for preferential awards of |
1233 | program funds and allowances and waiver of program requirements |
1234 | when necessary to encourage and facilitate long-term private |
1235 | capital investment and job creation. |
1236 | (c) The REDI representatives shall work with REDI in the |
1237 | review and evaluation of statutes and rules for adverse impact |
1238 | on rural communities and the development of alternative |
1239 | proposals to mitigate that impact. |
1240 | (d) Each REDI representative shall be responsible for |
1241 | ensuring that each district office or facility of his or her |
1242 | agency is informed about the Rural Economic Development |
1243 | Initiative and for providing assistance throughout the agency in |
1244 | the implementation of REDI activities. |
1245 | (7)(a) REDI may recommend to the Governor up to three |
1246 | rural areas of critical economic concern. A rural area of |
1247 | critical economic concern must be a rural community, or a region |
1248 | composed of such, that has been adversely affected by an |
1249 | extraordinary economic event or a natural disaster or that |
1250 | presents a unique economic development opportunity of regional |
1251 | impact that will create more than 1,000 jobs over a 5-year |
1252 | period. The Governor may by executive order designate up to |
1253 | three rural areas of critical economic concern which will |
1254 | establish these areas as priority assignments for REDI as well |
1255 | as to allow the Governor, acting through REDI, to waive |
1256 | criteria, requirements, or similar provisions of any economic |
1257 | development incentive. Such incentives shall include, but not be |
1258 | limited to: the Qualified Target Industry Tax Refund Program |
1259 | under s. 288.106, the Quick Response Training Program under s. |
1260 | 288.047, the Quick Response Training Program for participants in |
1261 | the welfare transition program under s. 288.047(8), |
1262 | transportation projects under s. 288.063, the brownfield |
1263 | redevelopment bonus refund under s. 288.107, and the rural job |
1264 | tax credit program under ss. 212.098 and 220.1895. |
1265 | (b) Designation as a rural area of critical economic |
1266 | concern under this subsection shall be contingent upon the |
1267 | execution of a memorandum of agreement among the Office of |
1268 | Tourism, Trade, and Economic Development; the governing body of |
1269 | the county; and the governing bodies of any municipalities to be |
1270 | included within a rural area of critical economic concern. Such |
1271 | agreement shall specify the terms and conditions of the |
1272 | designation, including, but not limited to, the duties and |
1273 | responsibilities of the county and any participating |
1274 | municipalities to take actions designed to facilitate the |
1275 | retention and expansion of existing businesses in the area, as |
1276 | well as the recruitment of new businesses to the area. |
1277 | (c) Each rural area of critical economic concern may |
1278 | designate catalyst projects, provided that each catalyst project |
1279 | is specifically recommended by REDI, identified as a catalyst |
1280 | project by Enterprise Florida, Inc., and confirmed as a catalyst |
1281 | project by the Office of Tourism, Trade, and Economic |
1282 | Development. All state agencies and departments shall use all |
1283 | available tools and resources to the extent permissible by law |
1284 | to promote the creation and development of each catalyst project |
1285 | and the development of catalyst sites. |
1286 | (8) REDI shall submit a report to the Governor, the |
1287 | President of the Senate, and the Speaker of the House of |
1288 | Representatives each year on or before September February 1 on |
1289 | all REDI activities for the prior fiscal year. This report shall |
1290 | include a status report on all projects currently being |
1291 | coordinated through REDI, the number of preferential awards and |
1292 | allowances made pursuant to this section, the dollar amount of |
1293 | such awards, and the names of the recipients. The report shall |
1294 | also include a description of all waivers of program |
1295 | requirements granted. The report shall also include information |
1296 | as to the economic impact of the projects coordinated by REDI, |
1297 | and recommendations based on the review and evaluation of |
1298 | statutes and rules having an adverse impact on rural |
1299 | communities, and proposals to mitigate such adverse impacts. |
1300 | Section 14. Section 288.06561, Florida Statutes, is |
1301 | amended to read: |
1302 | 288.06561 Reduction or waiver of financial match |
1303 | requirements.--Notwithstanding any other law, the member |
1304 | agencies and organizations of the Rural Economic Development |
1305 | Initiative (REDI), as defined in s. 288.0656(6)(a), shall review |
1306 | the financial match requirements for projects in rural areas as |
1307 | defined in s. 288.0656(2)(b). |
1308 | (1) Each agency and organization shall develop a proposal |
1309 | to waive or reduce the match requirement for rural areas. |
1310 | (2) Agencies and organizations shall ensure that all |
1311 | proposals are submitted to the Office of Tourism, Trade, and |
1312 | Economic Development for review by the REDI agencies. |
1313 | (3) These proposals shall be delivered to the Office of |
1314 | Tourism, Trade, and Economic Development for distribution to the |
1315 | REDI agencies and organizations. A meeting of REDI agencies and |
1316 | organizations must be called within 30 days after receipt of |
1317 | such proposals for REDI comment and recommendations on each |
1318 | proposal. |
1319 | (4) Waivers and reductions must be requested by the county |
1320 | or community, and such county or community must have three or |
1321 | more of the factors identified in s. 288.0656(2)(c)(a). |
1322 | (5) Any other funds available to the project may be used |
1323 | for financial match of federal programs when there is fiscal |
1324 | hardship, and the match requirements may not be waived or |
1325 | reduced. |
1326 | (6) When match requirements are not reduced or eliminated, |
1327 | donations of land, though usually not recognized as an in-kind |
1328 | match, may be permitted. |
1329 | (7) To the fullest extent possible, agencies and |
1330 | organizations shall expedite the rule adoption and amendment |
1331 | process if necessary to incorporate the reduction in match by |
1332 | rural areas in fiscal distress. |
1333 | (8) REDI shall include in its annual report an evaluation |
1334 | on the status of changes to rules, number of awards made with |
1335 | waivers, and recommendations for future changes. |
1336 | Section 15. Subsection (1) of section 288.0657, Florida |
1337 | Statutes, is amended to read: |
1338 | 288.0657 Florida rural economic development strategy |
1339 | grants.-- |
1340 | (1) As used in this section, the term "rural community" |
1341 | means: |
1342 | (a) A county with a population of 75,000 or fewer less. |
1343 | (b) A county with a population of 125,000 100,000 or fewer |
1344 | which less that is contiguous to a county with a population of |
1345 | 75,000 or fewer less. |
1346 | (c) A municipality within a county described in paragraph |
1347 | (a) or paragraph (b). |
1348 |
|
1349 | For purposes of this subsection, population shall be determined |
1350 | in accordance with the most recent official estimate pursuant to |
1351 | s. 186.901. |
1352 | Section 16. Paragraph (c) of subsection (2), paragraphs |
1353 | (a), (e), (f), (g), (h), (i), (j), and (k) of subsection (3), |
1354 | and paragraph (c) of subsection (5) of section 288.1045, Florida |
1355 | Statutes, are amended to read: |
1356 | 288.1045 Qualified defense contractor and space flight |
1357 | business tax refund program.-- |
1358 | (2) GRANTING OF A TAX REFUND; ELIGIBLE AMOUNTS.-- |
1359 | (c) A qualified applicant may not receive more than $5 |
1360 | $7.5 million in tax refunds pursuant to this section in all |
1361 | fiscal years. |
1362 | (3) APPLICATION PROCESS; REQUIREMENTS; AGENCY |
1363 | DETERMINATION.-- |
1364 | (a) To apply for certification as a qualified applicant |
1365 | pursuant to this section, an applicant must file an application |
1366 | with the office which satisfies the requirements of paragraphs |
1367 | (b) and (e), paragraphs (c) and (e), paragraphs (d) and (e), or |
1368 | paragraphs (e) and (j) (k). An applicant may not apply for |
1369 | certification pursuant to this section after a proposal has been |
1370 | submitted for a new Department of Defense contract, after the |
1371 | applicant has made the decision to consolidate an existing |
1372 | Department of Defense contract in this state for which such |
1373 | applicant is seeking certification, after a proposal has been |
1374 | submitted for a new space flight business contract in this |
1375 | state, after the applicant has made the decision to consolidate |
1376 | an existing space flight business contract in this state for |
1377 | which such applicant is seeking certification, or after the |
1378 | applicant has made the decision to convert defense production |
1379 | jobs to nondefense production jobs for which such applicant is |
1380 | seeking certification. |
1381 | (e) To qualify for review by the office, the application |
1382 | of an applicant must, at a minimum, establish the following to |
1383 | the satisfaction of the office: |
1384 | 1. The jobs proposed to be provided under the application, |
1385 | pursuant to subparagraph (b)6., subparagraph (c)6., or |
1386 | subparagraph (j)(k)6., must pay an estimated annual average wage |
1387 | equaling at least 115 percent of the average wage in the area |
1388 | where the project is to be located. |
1389 | 2. The consolidation of a Department of Defense contract |
1390 | must result in a net increase of at least 25 percent in the |
1391 | number of jobs at the applicant's facilities in this state or |
1392 | the addition of at least 80 jobs at the applicant's facilities |
1393 | in this state. |
1394 | 3. The conversion of defense production jobs to nondefense |
1395 | production jobs must result in net increases in nondefense |
1396 | employment at the applicant's facilities in this state. |
1397 | 4. The Department of Defense contract or the space flight |
1398 | business contract cannot allow the business to include the costs |
1399 | of relocation or retooling in its base as allowable costs under |
1400 | a cost-plus, or similar, contract. |
1401 | 5. A business unit of the applicant must have derived not |
1402 | less than 60 percent of its gross receipts in this state from |
1403 | Department of Defense contracts or space flight business |
1404 | contracts over the applicant's last fiscal year, and must have |
1405 | derived not less than an average of 60 percent of its gross |
1406 | receipts in this state from Department of Defense contracts or |
1407 | space flight business contracts over the 5 years preceding the |
1408 | date an application is submitted pursuant to this section. This |
1409 | subparagraph does not apply to any application for certification |
1410 | based on a contract for reuse of a defense-related facility. |
1411 | 6. The reuse of a defense-related facility must result in |
1412 | the creation of at least 100 jobs at such facility. |
1413 | 7. A new space flight business contract or the |
1414 | consolidation of a space flight business contract must result in |
1415 | net increases in space flight business employment at the |
1416 | applicant's facilities in this state. |
1417 | (f) Each application meeting the requirements of |
1418 | paragraphs (b) and (e), paragraphs (c) and (e), paragraphs (d) |
1419 | and (e), or paragraphs (e) and (j) (k) must be submitted to the |
1420 | office for a determination of eligibility. The office shall |
1421 | review and evaluate each application based on, but not limited |
1422 | to, the following criteria: |
1423 | 1. Expected contributions to the state strategic economic |
1424 | development plan adopted by Enterprise Florida, Inc., taking |
1425 | into account the extent to which the project contributes to the |
1426 | state's high-technology base, and the long-term impact of the |
1427 | project and the applicant on the state's economy. |
1428 | 2. The economic benefit of the jobs created or retained by |
1429 | the project in this state, taking into account the cost and |
1430 | average wage of each job created or retained, and the potential |
1431 | risk to existing jobs. |
1432 | 3. The amount of capital investment to be made by the |
1433 | applicant in this state. |
1434 | 4. The local commitment and support for the project and |
1435 | applicant. |
1436 | 5. The impact of the project on the local community, |
1437 | taking into account the unemployment rate for the county where |
1438 | the project will be located. |
1439 | 6. The dependence of the local community on the defense |
1440 | industry or space flight business. |
1441 | 7. The impact of any tax refunds granted pursuant to this |
1442 | section on the viability of the project and the probability that |
1443 | the project will occur in this state if such tax refunds are |
1444 | granted to the applicant, taking into account the expected long- |
1445 | term commitment of the applicant to economic growth and |
1446 | employment in this state. |
1447 | 8. The length of the project, or the expected long-term |
1448 | commitment to this state resulting from the project. |
1449 | (g) Applications shall be reviewed and certified pursuant |
1450 | to s. 288.061. The office shall forward its written findings and |
1451 | evaluation on each application meeting the requirements of |
1452 | paragraphs (b) and (e), paragraphs (c) and (e), paragraphs (d) |
1453 | and (e), or paragraphs (e) and (k) to the director within 60 |
1454 | calendar days after receipt of a complete application. The |
1455 | office shall notify each applicant when its application is |
1456 | complete, and when the 60-day period begins. In its written |
1457 | report to the director, the office shall specifically address |
1458 | each of the factors specified in paragraph (f), and shall make a |
1459 | specific assessment with respect to the minimum requirements |
1460 | established in paragraph (e). The office shall include in its |
1461 | report projections of the tax refunds the applicant would be |
1462 | eligible to receive in each fiscal year based on the creation |
1463 | and maintenance of the net new Florida jobs specified in |
1464 | subparagraph (b)6., subparagraph (c)6., subparagraph (d)7., or |
1465 | subparagraph (k)6. as of December 31 of the preceding state |
1466 | fiscal year. |
1467 | (h) Within 30 days after receipt of the office's findings |
1468 | and evaluation, the director shall issue a letter of |
1469 | certification which either approves or disapproves an |
1470 | application. The decision must be in writing and provide the |
1471 | justifications for either approval or disapproval. If |
1472 | appropriate, the director shall enter into a written agreement |
1473 | with the qualified applicant pursuant to subsection (4). |
1474 | (h)(i) The director may not certify any applicant as a |
1475 | qualified applicant when the value of tax refunds to be included |
1476 | in that letter of certification exceeds the available amount of |
1477 | authority to certify new businesses as determined in s. |
1478 | 288.095(3). A letter of certification that approves an |
1479 | application must specify the maximum amount of a tax refund that |
1480 | is to be available to the contractor for each fiscal year and |
1481 | the total amount of tax refunds for all fiscal years. |
1482 | (i)(j) This section does not create a presumption that an |
1483 | applicant should receive any tax refunds under this section. |
1484 | (j)(k) Applications for certification based upon a new |
1485 | space flight business contract or the consolidation of a space |
1486 | flight business contract must be submitted to the office as |
1487 | prescribed by the office and must include, but are not limited |
1488 | to, the following information: |
1489 | 1. The applicant's federal employer identification number, |
1490 | the applicant's Florida sales tax registration number, and a |
1491 | signature of an officer of the applicant. |
1492 | 2. The permanent location of the space flight business |
1493 | facility in this state where the project is or will be located. |
1494 | 3. The new space flight business contract number, the |
1495 | space flight business contract numbers of the contract to be |
1496 | consolidated, or the request-for-proposal number of a proposed |
1497 | space flight business contract. |
1498 | 4. The date the contract was executed and the date the |
1499 | contract is due to expire, is expected to expire, or was |
1500 | canceled. |
1501 | 5. The commencement date for project operations under the |
1502 | contract in this state. |
1503 | 6. The number of net new full-time equivalent Florida jobs |
1504 | included in the project as of December 31 of each year and the |
1505 | average wage of such jobs. |
1506 | 7. The total number of full-time equivalent employees |
1507 | employed by the applicant in this state. |
1508 | 8. The percentage of the applicant's gross receipts |
1509 | derived from space flight business contracts during the 5 |
1510 | taxable years immediately preceding the date the application is |
1511 | submitted. |
1512 | 9. The number of full-time equivalent jobs in this state |
1513 | to be retained by the project. |
1514 | 10. A brief statement concerning the applicant's need for |
1515 | tax refunds and the proposed uses of such refunds by the |
1516 | applicant. |
1517 | 11. A resolution adopted by the governing board of the |
1518 | county or municipality in which the project will be located |
1519 | which recommends the applicant be approved as a qualified |
1520 | applicant and indicates that the necessary commitments of local |
1521 | financial support for the applicant exist. Prior to the adoption |
1522 | of the resolution, the county commission may review the proposed |
1523 | public or private sources of such support and determine whether |
1524 | the proposed sources of local financial support can be provided |
1525 | or, for any applicant whose project is located in a county |
1526 | designated by the Rural Economic Development Initiative, a |
1527 | resolution adopted by the county commissioners of such county |
1528 | requesting that the applicant's project be exempt from the local |
1529 | financial support requirement. |
1530 | 12. Any additional information requested by the office. |
1531 | (5) ANNUAL CLAIM FOR REFUND.-- |
1532 | (c) A tax refund may not be approved for any qualified |
1533 | applicant unless local financial support has been paid to the |
1534 | Economic Development Trust Fund for that refund. If the local |
1535 | financial support is less than 20 percent of the approved tax |
1536 | refund, the tax refund shall be reduced. The tax refund paid may |
1537 | not exceed 5 times the local financial support received. Funding |
1538 | from local sources includes tax abatement under s. 196.1995 or |
1539 | the appraised market value of municipal or county land, |
1540 | including any improvements or structures, conveyed or provided |
1541 | at a discount through a sale or lease to that applicant. The |
1542 | amount of any tax refund for an applicant approved under this |
1543 | section shall be reduced by the amount of any such tax abatement |
1544 | granted or the value of the land granted, including the value of |
1545 | any improvements or structures; and the limitations in |
1546 | subsection (2) and paragraph (3)(h) shall be reduced by the |
1547 | amount of any such tax abatement or the value of the land |
1548 | granted, including any improvements or structures. A report |
1549 | listing all sources of the local financial support shall be |
1550 | provided to the office when such support is paid to the Economic |
1551 | Development Trust Fund. |
1552 | Section 17. Paragraphs (k) and (t) of subsection (1), |
1553 | subsection (3), paragraph (b) of subsection (4), paragraph (c) |
1554 | of subsection (5), and subsection (8) of section 288.106, |
1555 | Florida Statutes, are amended to read: |
1556 | 288.106 Tax refund program for qualified target industry |
1557 | businesses.-- |
1558 | (1) DEFINITIONS.--As used in this section: |
1559 | (k) "Local financial support exemption option" means the |
1560 | option to exercise an exemption from the local financial support |
1561 | requirement available to any applicant whose project is located |
1562 | in a brownfield area or a county with a population of 75,000 or |
1563 | fewer or a county with a population of 125,000 100,000 or fewer |
1564 | which is contiguous to a county with a population of 75,000 or |
1565 | fewer. Any applicant that exercises this option shall not be |
1566 | eligible for more than 80 percent of the total tax refunds |
1567 | allowed such applicant under this section. |
1568 | (t) "Rural community" means: |
1569 | 1. A county with a population of 75,000 or fewer less. |
1570 | 2. A county with a population of 125,000 100,000 or fewer |
1571 | which less that is contiguous to a county with a population of |
1572 | 75,000 or fewer less. |
1573 | 3. A municipality within a county described in |
1574 | subparagraph 1. or subparagraph 2. |
1575 |
|
1576 | For purposes of this paragraph, population shall be determined |
1577 | in accordance with the most recent official estimate pursuant to |
1578 | s. 186.901. |
1579 | (3) APPLICATION AND APPROVAL PROCESS.-- |
1580 | (a) To apply for certification as a qualified target |
1581 | industry business under this section, the business must file an |
1582 | application with the office before the business has made the |
1583 | decision to locate a new business in this state or before the |
1584 | business had made the decision to expand an existing business in |
1585 | this state. The application shall include, but is not limited |
1586 | to, the following information: |
1587 | 1. The applicant's federal employer identification number |
1588 | and the applicant's state sales tax registration number. |
1589 | 2. The permanent location of the applicant's facility in |
1590 | this state at which the project is or is to be located. |
1591 | 3. A description of the type of business activity or |
1592 | product covered by the project, including a minimum of a five- |
1593 | digit NAICS code four-digit SIC codes for all activities |
1594 | included in the project. As used in this paragraph, "NAICS" |
1595 | means those classifications contained in the North American |
1596 | Industry Classification System, as published in 2007 by the |
1597 | Office of Management and Budget, Executive Office of the |
1598 | President. |
1599 | 4. The number of net new full-time equivalent Florida jobs |
1600 | at the qualified target industry business as of December 31 of |
1601 | each year included in the project and the average wage of those |
1602 | jobs. If more than one type of business activity or product is |
1603 | included in the project, the number of jobs and average wage for |
1604 | those jobs must be separately stated for each type of business |
1605 | activity or product. |
1606 | 5. The total number of full-time equivalent employees |
1607 | employed by the applicant in this state. |
1608 | 6. The anticipated commencement date of the project. |
1609 | 7. A brief statement concerning the role that the tax |
1610 | refunds requested will play in the decision of the applicant to |
1611 | locate or expand in this state. |
1612 | 8. An estimate of the proportion of the sales resulting |
1613 | from the project that will be made outside this state. |
1614 | 9. A resolution adopted by the governing board of the |
1615 | county or municipality in which the project will be located, |
1616 | which resolution recommends that certain types of businesses be |
1617 | approved as a qualified target industry business and states that |
1618 | the commitments of local financial support necessary for the |
1619 | target industry business exist. In advance of the passage of |
1620 | such resolution, the office may also accept an official letter |
1621 | from an authorized local economic development agency that |
1622 | endorses the proposed target industry project and pledges that |
1623 | sources of local financial support for such project exist. For |
1624 | the purposes of making pledges of local financial support under |
1625 | this subsection, the authorized local economic development |
1626 | agency shall be officially designated by the passage of a one- |
1627 | time resolution by the local governing authority. |
1628 | 10. Any additional information requested by the office. |
1629 | (b) To qualify for review by the office, the application |
1630 | of a target industry business must, at a minimum, establish the |
1631 | following to the satisfaction of the office: |
1632 | 1. The jobs proposed to be provided under the application, |
1633 | pursuant to subparagraph (a)4., must pay an estimated annual |
1634 | average wage equaling at least 115 percent of the average |
1635 | private sector wage in the area where the business is to be |
1636 | located or the statewide private sector average wage. In |
1637 | determining the average annual wage, the office shall include |
1638 | only new proposed jobs, and wages for existing jobs shall be |
1639 | excluded from this calculation. The office may waive the this |
1640 | average wage requirement at the request of the local governing |
1641 | body recommending the project and Enterprise Florida, Inc. The |
1642 | wage requirement may only be waived for a project located in a |
1643 | brownfield area designated under s. 376.80 or in a rural city or |
1644 | county or in an enterprise zone and only when the merits of the |
1645 | individual project or the specific circumstances in the |
1646 | community in relationship to the project warrant such action. If |
1647 | the local governing body and Enterprise Florida, Inc., make such |
1648 | a recommendation, it must be transmitted in writing and the |
1649 | specific justification for the waiver recommendation must be |
1650 | explained. If the director elects to waive the wage requirement, |
1651 | the waiver must be stated in writing and the reasons for |
1652 | granting the waiver must be explained. |
1653 | 2. The target industry business's project must result in |
1654 | the creation of at least 10 jobs at such project and, if an |
1655 | expansion of an existing business, must result in a net increase |
1656 | in employment of at least not less than 10 percent at the such |
1657 | business. Notwithstanding the definition of the term "expansion |
1658 | of an existing business" in paragraph (1)(g), at the request of |
1659 | the local governing body recommending the project and Enterprise |
1660 | Florida, Inc., the office may define an "expansion of an |
1661 | existing business" in a rural community or an enterprise zone as |
1662 | the expansion of a business resulting in a net increase in |
1663 | employment of less than 10 percent at such business if the |
1664 | merits of the individual project or the specific circumstances |
1665 | in the community in relationship to the project warrant such |
1666 | action. If the local governing body and Enterprise Florida, |
1667 | Inc., make such a request, the request it must be transmitted in |
1668 | writing and the specific justification for the request must be |
1669 | explained. If the director elects to grant the such request, the |
1670 | grant such election must be stated in writing and the reason for |
1671 | granting the request must be explained. |
1672 | 3. The business activity or product for the applicant's |
1673 | project is within an industry or industries that have been |
1674 | identified by the office to be high-value-added industries that |
1675 | contribute to the area and to the economic growth of the state |
1676 | and that produce a higher standard of living for residents |
1677 | citizens of this state in the new global economy or that can be |
1678 | shown to make an equivalent contribution to the area and state's |
1679 | economic progress. The director must approve requests to waive |
1680 | the wage requirement for brownfield areas designated under s. |
1681 | 376.80 unless it is demonstrated that such action is not in the |
1682 | public interest. |
1683 | (c) Each application meeting the requirements of paragraph |
1684 | (b) must be submitted to the office for determination of |
1685 | eligibility. The office shall review and evaluate each |
1686 | application based on, but not limited to, the following |
1687 | criteria: |
1688 | 1. Expected contributions to the state strategic economic |
1689 | development plan adopted by Enterprise Florida, Inc., taking |
1690 | into account the long-term effects of the project and of the |
1691 | applicant on the state economy. |
1692 | 2. The economic benefit of the jobs created by the project |
1693 | in this state, taking into account the cost and average wage of |
1694 | each job created. |
1695 | 3. The amount of capital investment to be made by the |
1696 | applicant in this state. |
1697 | 4. The local commitment and support for the project. |
1698 | 5. The effect of the project on the local community, |
1699 | taking into account the unemployment rate for the county where |
1700 | the project will be located. |
1701 | 6. The effect of any tax refunds granted pursuant to this |
1702 | section on the viability of the project and the probability that |
1703 | the project will be undertaken in this state if such tax refunds |
1704 | are granted to the applicant, taking into account the expected |
1705 | long-term commitment of the applicant to economic growth and |
1706 | employment in this state. |
1707 | 7. The expected long-term commitment to this state |
1708 | resulting from the project. |
1709 | 8. A review of the business's past activities in this |
1710 | state or other states, including whether such business has been |
1711 | subjected to criminal or civil fines and penalties. Nothing in |
1712 | This subparagraph does not shall require the disclosure of |
1713 | confidential information. |
1714 | (d) Applications shall be reviewed and certified pursuant |
1715 | to s. 288.061. The office shall forward its written findings and |
1716 | evaluation concerning each application meeting the requirements |
1717 | of paragraph (b) to the director within 45 calendar days after |
1718 | receipt of a complete application. The office shall notify each |
1719 | target industry business when its application is complete, and |
1720 | of the time when the 45-day period begins. In its written report |
1721 | to the director, the office shall specifically address each of |
1722 | the factors specified in paragraph (c) and shall make a specific |
1723 | assessment with respect to the minimum requirements established |
1724 | in paragraph (b). The office shall include in its review report |
1725 | projections of the tax refunds the business would be eligible to |
1726 | receive in each fiscal year based on the creation and |
1727 | maintenance of the net new Florida jobs specified in |
1728 | subparagraph (a)4. as of December 31 of the preceding state |
1729 | fiscal year. |
1730 | (e)1. Within 30 days after receipt of the office's |
1731 | findings and evaluation, the director shall issue a letter of |
1732 | certification that either approves or disapproves the |
1733 | application of the target industry business. The decision must |
1734 | be in writing and must provide the justifications for approval |
1735 | or disapproval. |
1736 | 2. If appropriate, the director shall enter into a written |
1737 | agreement with the qualified target industry business pursuant |
1738 | to subsection (4). |
1739 | (e)(f) The director may not certify any target industry |
1740 | business as a qualified target industry business if the value of |
1741 | tax refunds to be included in that letter of certification |
1742 | exceeds the available amount of authority to certify new |
1743 | businesses as determined in s. 288.095(3). However, if the |
1744 | commitments of local financial support represent less than 20 |
1745 | percent of the eligible tax refund payments, or to otherwise |
1746 | preserve the viability and fiscal integrity of the program, the |
1747 | director may certify a qualified target industry business to |
1748 | receive tax refund payments of less than the allowable amounts |
1749 | specified in paragraph (2)(b). A letter of certification that |
1750 | approves an application must specify the maximum amount of tax |
1751 | refund that will be available to the qualified industry business |
1752 | in each fiscal year and the total amount of tax refunds that |
1753 | will be available to the business for all fiscal years. |
1754 | (f)(g) Nothing in This section does not shall create a |
1755 | presumption that an applicant shall will receive any tax refunds |
1756 | under this section. However, the office may issue nonbinding |
1757 | opinion letters, upon the request of prospective applicants, as |
1758 | to the applicants' eligibility and the potential amount of |
1759 | refunds. |
1760 | (4) TAX REFUND AGREEMENT.-- |
1761 | (b) Compliance with the terms and conditions of the |
1762 | agreement is a condition precedent for the receipt of a tax |
1763 | refund each year. The failure to comply with the terms and |
1764 | conditions of the tax refund agreement results in the loss of |
1765 | eligibility for receipt of all tax refunds previously authorized |
1766 | under this section and the revocation by the director of the |
1767 | certification of the business entity as a qualified target |
1768 | industry business, unless the business is eligible to receive |
1769 | and elects to accept a prorated refund under paragraph (5)(d) or |
1770 | the office grants the business an economic-stimulus exemption. |
1771 | 1. A qualified target industry business may submit, in |
1772 | writing, a request to the office for an economic-stimulus |
1773 | exemption. The request must provide quantitative evidence |
1774 | demonstrating how negative economic conditions in the business's |
1775 | industry, the effects of the impact of a named hurricane or |
1776 | tropical storm, or specific acts of terrorism affecting the |
1777 | qualified target industry business have prevented the business |
1778 | from complying with the terms and conditions of its tax refund |
1779 | agreement. |
1780 | 2. Upon receipt of a request under subparagraph 1., the |
1781 | director shall have 45 days to notify the requesting business, |
1782 | in writing, if its exemption has been granted or denied. In |
1783 | determining if an exemption should be granted, the director |
1784 | shall consider the extent to which negative economic conditions |
1785 | in the requesting business's industry have occurred in the state |
1786 | or, the effects of the impact of a named hurricane or tropical |
1787 | storm, or specific acts of terrorism affecting the qualified |
1788 | target industry business have prevented the business from |
1789 | complying with the terms and conditions of its tax refund |
1790 | agreement. The office shall consider current employment |
1791 | statistics for this state by industry, including whether the |
1792 | business's industry had substantial job loss during the prior |
1793 | year, when determining whether an exemption shall be granted. |
1794 | 3. As a condition for receiving a prorated refund under |
1795 | paragraph (5)(d) or an economic-stimulus exemption under this |
1796 | paragraph, a qualified target industry business must agree to |
1797 | renegotiate its tax refund agreement with the office to, at a |
1798 | minimum, ensure that the terms of the agreement comply with |
1799 | current law and office procedures governing application for and |
1800 | award of tax refunds. Upon approving the award of a prorated |
1801 | refund or granting an economic-stimulus exemption, the office |
1802 | shall renegotiate the tax refund agreement with the business as |
1803 | required by this subparagraph. When amending the agreement of a |
1804 | business receiving an economic-stimulus exemption, the office |
1805 | may extend the duration of the agreement for a period not to |
1806 | exceed 2 years. |
1807 | 4. A qualified target industry business may submit a |
1808 | request for an economic-stimulus exemption to the office in lieu |
1809 | of any tax refund claim scheduled to be submitted after January |
1810 | 1, 2009 2005, but before July 1, 2011 2006. |
1811 | 5. A qualified target industry business that receives an |
1812 | economic-stimulus exemption may not receive a tax refund for the |
1813 | period covered by the exemption. |
1814 | (5) ANNUAL CLAIM FOR REFUND.-- |
1815 | (c) A tax refund may not be approved for a qualified |
1816 | target industry business unless the required local financial |
1817 | support has been paid into the account for that refund. If the |
1818 | local financial support provided is less than 20 percent of the |
1819 | approved tax refund, the tax refund must be reduced. In no event |
1820 | may the tax refund exceed an amount that is equal to 5 times the |
1821 | amount of the local financial support received. Further, funding |
1822 | from local sources includes any tax abatement granted to that |
1823 | business under s. 196.1995 or the appraised market value of |
1824 | municipal or county land conveyed or provided at a discount to |
1825 | that business. The amount of any tax refund for such business |
1826 | approved under this section must be reduced by the amount of any |
1827 | such tax abatement granted or the value of the land granted; and |
1828 | the limitations in subsection (2) and paragraph (3)(e)(f) must |
1829 | be reduced by the amount of any such tax abatement or the value |
1830 | of the land granted. A report listing all sources of the local |
1831 | financial support shall be provided to the office when such |
1832 | support is paid to the account. |
1833 | (8) EXPIRATION.--An applicant may not be certified as |
1834 | qualified under this section after June 30, 2010. A tax refund |
1835 | agreement existing on that date shall continue in effect in |
1836 | accordance with its terms. |
1837 | Section 18. Paragraph (e) of subsection (1), paragraph (b) |
1838 | of subsection (3), and paragraph (f) of subsection (4) of |
1839 | section 288.107, Florida Statutes, are amended, and paragraph |
1840 | (e) is added to subsection (3) of that section, to read: |
1841 | 288.107 Brownfield redevelopment bonus refunds.-- |
1842 | (1) Definitions.-- As used in this section: |
1843 | (e) "Eligible business" means: |
1844 | 1. A qualified target industry business as defined in s. |
1845 | 288.106(1)(o); or |
1846 | 2. A business that can demonstrate a fixed capital |
1847 | investment of at least $2 million in mixed-use business |
1848 | activities, including multiunit housing, commercial, retail, and |
1849 | industrial in brownfield areas, or at least $500,000 in |
1850 | brownfield areas that do not require site cleanup, and which |
1851 | provides benefits to its employees. |
1852 | (3) CRITERIA.--The minimum criteria for participation in |
1853 | the brownfield redevelopment bonus refund are: |
1854 | (b) The completion of a fixed capital investment of at |
1855 | least $2 million in mixed-use business activities, including |
1856 | multiunit housing, commercial, retail, and industrial in |
1857 | brownfield areas, or at least $500,000 in brownfield areas that |
1858 | do not require site cleanup, by an eligible business applying |
1859 | for a refund under paragraph (2)(b) which provides benefits to |
1860 | its employees. |
1861 | (e) A resolution adopted by the governing board of the |
1862 | county or municipality in which the project will be located that |
1863 | recommends that certain types of businesses be approved. |
1864 | (4) PAYMENT OF BROWNFIELD REDEVELOPMENT BONUS REFUNDS.-- |
1865 | (f) Applications shall be reviewed and certified pursuant |
1866 | to s. 288.061. The office shall review all applications |
1867 | submitted under s. 288.106 or other similar application forms |
1868 | for other eligible businesses as defined in paragraph (1)(e) |
1869 | which indicate that the proposed project will be located in a |
1870 | brownfield and determine, with the assistance of the Department |
1871 | of Environmental Protection, that the project location is within |
1872 | a brownfield as provided in this act. |
1873 | Section 19. Paragraphs (b), (c), and (d) of subsection (5) |
1874 | and subsections (7) and (8) of section 288.108, Florida |
1875 | Statutes, are amended to read: |
1876 | 288.108 High-impact business.-- |
1877 | (5) APPLICATIONS; CERTIFICATION PROCESS; GRANT AGREEMENT.- |
1878 | - |
1879 | (b) Applications shall be reviewed and certified pursuant |
1880 | to s. 288.061. Enterprise Florida, Inc., shall review each |
1881 | submitted application and inform the applicant business whether |
1882 | or not its application is complete within 10 working days. Once |
1883 | the application is deemed complete, Enterprise Florida, Inc., |
1884 | has 10 working days within which to evaluate the application and |
1885 | recommend approval or disapproval of the application to the |
1886 | director. In recommending an applicant business for approval, |
1887 | Enterprise Florida, Inc., shall include a recommended grant |
1888 | award amount in its evaluation forwarded to the office. |
1889 | (c) Upon receipt of the evaluation and recommendation of |
1890 | Enterprise Florida, Inc., the director has 5 working days to |
1891 | enter a final order that either approves or disapproves an |
1892 | applicant business as a qualified high-impact business facility, |
1893 | unless the business requests an extension of the time. The final |
1894 | order shall specify the total amount of the qualified high- |
1895 | impact business facility performance grant award, the |
1896 | performance conditions that must be met to obtain the award, and |
1897 | the schedule for payment of the performance grant. |
1898 | (c)(d) The director and the qualified high-impact business |
1899 | shall enter into a performance grant agreement setting forth the |
1900 | conditions for payment of the qualified high-impact business |
1901 | performance grant. The agreement shall include the total amount |
1902 | of the qualified high-impact business facility performance grant |
1903 | award, the performance conditions that must be met to obtain the |
1904 | award, including the employment, average salary, investment, the |
1905 | methodology for determining if the conditions have been met, and |
1906 | the schedule of performance grant payments. |
1907 | (7) REPORTING.--The office shall by December 1 of each |
1908 | year issue a complete and detailed report of all designated |
1909 | high-impact sectors, all applications received and their |
1910 | disposition, all final orders issued, and all payments made, |
1911 | including analyses of benefits and costs, types of projects |
1912 | supported, and employment and investments created. The report |
1913 | shall be submitted to the Governor, the President of the Senate, |
1914 | and the Speaker of the House of Representatives. |
1915 | (7)(8) RULEMAKING.--The office may adopt rules necessary |
1916 | to carry out the provisions of this section. |
1917 | Section 20. Paragraphs (a), (b), and (c) of subsection (3) |
1918 | of section 288.1088, Florida Statutes, are amended to read: |
1919 | 288.1088 Quick Action Closing Fund.-- |
1920 | (3)(a) Enterprise Florida, Inc., shall review applications |
1921 | pursuant to s. 288.061 and determine eligibility of each project |
1922 | consistent with the criteria in subsection (2). Enterprise |
1923 | Florida, Inc., in consultation with the Office of Tourism, |
1924 | Trade, and Economic Development, may waive these criteria based |
1925 | on extraordinary circumstances or in rural areas of critical |
1926 | economic concern if the project would significantly benefit the |
1927 | local or regional economy. Enterprise Florida, Inc., shall |
1928 | evaluate individual proposals for high-impact business |
1929 | facilities and forward recommendations regarding the use of |
1930 | moneys in the fund for such facilities to the director of the |
1931 | Office of Tourism, Trade, and Economic Development. Such |
1932 | evaluation and recommendation must include, but need not be |
1933 | limited to: |
1934 | 1. A description of the type of facility or |
1935 | infrastructure, its operations, and the associated product or |
1936 | service associated with the facility. |
1937 | 2. The number of full-time-equivalent jobs that will be |
1938 | created by the facility and the total estimated average annual |
1939 | wages of those jobs or, in the case of privately developed rural |
1940 | infrastructure, the types of business activities and jobs |
1941 | stimulated by the investment. |
1942 | 3. The cumulative amount of investment to be dedicated to |
1943 | the facility within a specified period. |
1944 | 4. A statement of any special impacts the facility is |
1945 | expected to stimulate in a particular business sector in the |
1946 | state or regional economy or in the state's universities and |
1947 | community colleges. |
1948 | 5. A statement of the role the incentive is expected to |
1949 | play in the decision of the applicant business to locate or |
1950 | expand in this state or for the private investor to provide |
1951 | critical rural infrastructure. |
1952 | 6. A report evaluating the quality and value of the |
1953 | company submitting a proposal. The report must include: |
1954 | a. A financial analysis of the company, including an |
1955 | evaluation of the company's short-term liquidity ratio as |
1956 | measured by its assets to liability, the company's profitability |
1957 | ratio, and the company's long-term solvency as measured by its |
1958 | debt-to-equity ratio; |
1959 | b. The historical market performance of the company; |
1960 | c. A review of any independent evaluations of the company; |
1961 | d. A review of the latest audit of the company's financial |
1962 | statement and the related auditor's management letter; and |
1963 | e. A review of any other types of audits that are related |
1964 | to the internal and management controls of the company. |
1965 | (b) Within 22 calendar days after receiving Upon receipt |
1966 | of the evaluation and recommendation from Enterprise Florida, |
1967 | Inc., the director shall recommend to the Governor approval or |
1968 | disapproval of a project for receipt of funds from the Quick |
1969 | Action Closing Fund to the Governor. In recommending a project, |
1970 | the director shall include proposed performance conditions that |
1971 | the project must meet to obtain incentive funds. The Governor |
1972 | shall provide the evaluation of projects recommended for |
1973 | approval to the President of the Senate and the Speaker of the |
1974 | House of Representatives and consult with the President of the |
1975 | Senate and the Speaker of the House of Representatives before |
1976 | giving final approval for a project. The Executive Office of the |
1977 | Governor shall recommend approval of a project and the release |
1978 | of funds pursuant to the legislative consultation and review |
1979 | requirements set forth in s. 216.177. The recommendation must |
1980 | include proposed performance conditions that the project must |
1981 | meet in order to obtain funds. |
1982 | (c) Upon the approval of the Governor, the director of the |
1983 | Office of Tourism, Trade, and Economic Development and the |
1984 | business shall enter into a contract that sets forth the |
1985 | conditions for payment of moneys from the fund. The contract |
1986 | must include the total amount of funds awarded; the performance |
1987 | conditions that must be met to obtain the award, including, but |
1988 | not limited to, net new employment in the state, average salary, |
1989 | and total capital investment; demonstrate a baseline of current |
1990 | service and a measure of enhanced capability; the methodology |
1991 | for validating performance; the schedule of payments from the |
1992 | fund; and sanctions for failure to meet performance conditions. |
1993 | The contract must provide that payment of moneys from the fund |
1994 | is contingent upon sufficient appropriation of funds by the |
1995 | Legislature and upon sufficient release of appropriated funds by |
1996 | the Legislative Budget Commission. |
1997 | Section 21. Subsection (2) of section 257.193, Florida |
1998 | Statutes, is amended to read: |
1999 | 257.193 Community Libraries in Caring Program.-- |
2000 | (2) The purpose of the Community Libraries in Caring |
2001 | Program is to assist libraries in rural communities, as defined |
2002 | in s. 288.0656(2)(b) and subject to the provisions of s. |
2003 | 288.06561, to strengthen their collections and services, improve |
2004 | literacy in their communities, and improve the economic |
2005 | viability of their communities. |
2006 | Section 22. Section 288.019, Florida Statutes, is amended |
2007 | to read: |
2008 | 288.019 Rural considerations in grant review and |
2009 | evaluation processes.--Notwithstanding any other law, and to the |
2010 | fullest extent possible, the member agencies and organizations |
2011 | of the Rural Economic Development Initiative (REDI) as defined |
2012 | in s. 288.0656(6)(a) shall review all grant and loan application |
2013 | evaluation criteria to ensure the fullest access for rural |
2014 | counties as defined in s. 288.0656(2)(b) to resources available |
2015 | throughout the state. |
2016 | (1) Each REDI agency and organization shall review all |
2017 | evaluation and scoring procedures and develop modifications to |
2018 | those procedures which minimize the impact of a project within a |
2019 | rural area. |
2020 | (2) Evaluation criteria and scoring procedures must |
2021 | provide for an appropriate ranking based on the proportionate |
2022 | impact that projects have on a rural area when compared with |
2023 | similar project impacts on an urban area. |
2024 | (3) Evaluation criteria and scoring procedures must |
2025 | recognize the disparity of available fiscal resources for an |
2026 | equal level of financial support from an urban county and a |
2027 | rural county. |
2028 | (a) The evaluation criteria should weight contribution in |
2029 | proportion to the amount of funding available at the local |
2030 | level. |
2031 | (b) In-kind match should be allowed and applied as |
2032 | financial match when a county is experiencing financial distress |
2033 | through elevated unemployment at a rate in excess of the state's |
2034 | average by 5 percentage points or because of the loss of its ad |
2035 | valorem base. |
2036 | (4) For existing programs, the modified evaluation |
2037 | criteria and scoring procedure must be delivered to the Office |
2038 | of Tourism, Trade, and Economic Development for distribution to |
2039 | the REDI agencies and organizations. The REDI agencies and |
2040 | organizations shall review and make comments. Future rules, |
2041 | programs, evaluation criteria, and scoring processes must be |
2042 | brought before a REDI meeting for review, discussion, and |
2043 | recommendation to allow rural counties fuller access to the |
2044 | state's resources. |
2045 | Section 23. Paragraph (d) of subsection (15) of section |
2046 | 627.6699, Florida Statutes, is amended to read: |
2047 | 627.6699 Employee Health Care Access Act.-- |
2048 | (15) SMALL EMPLOYERS ACCESS PROGRAM.-- |
2049 | (d) Eligibility.-- |
2050 | 1. Any small employer that is actively engaged in |
2051 | business, has its principal place of business in this state, |
2052 | employs up to 25 eligible employees on business days during the |
2053 | preceding calendar year, employs at least 2 employees on the |
2054 | first day of the plan year, and has had no prior coverage for |
2055 | the last 6 months may participate. |
2056 | 2. Any municipality, county, school district, or hospital |
2057 | employer located in a rural community as defined in s. |
2058 | 288.0656(2)(b) may participate. |
2059 | 3. Nursing home employers may participate. |
2060 | 4. Each dependent of a person eligible for coverage is |
2061 | also eligible to participate. |
2062 |
|
2063 | Any employer participating in the program must do so until the |
2064 | end of the term for which the carrier providing the coverage is |
2065 | obligated to provide such coverage to the program. Coverage for |
2066 | a small employer group that ceases to meet the eligibility |
2067 | requirements of this section may be terminated at the end of the |
2068 | policy period for which the necessary premiums have been paid. |
2069 | Section 24. Subsection (8) is added to section 288.9015, |
2070 | Florida Statutes, to read: |
2071 | 288.9015 Enterprise Florida, Inc.; purpose; duties.-- |
2072 | (8) Enterprise Florida, Inc., shall be responsible for |
2073 | responding to all inquiries related to Florida's business |
2074 | requirements, economic incentives, and business development |
2075 | opportunities. |
2076 | Section 25. Subsection (2) of section 288.9622, Florida |
2077 | Statutes, is amended to read: |
2078 | 288.9622 Findings and intent.-- |
2079 | (2) It is the intent of the Legislature that ss. 288.9621- |
2080 | 288.9625 serve to mobilize private investment in a broad variety |
2081 | of venture capital partnerships in diversified industries and |
2082 | geographies; retain private sector investment criteria focused |
2083 | on rate of return; use the services of highly qualified managers |
2084 | in the venture capital industry regardless of location; |
2085 | facilitate the organization of the Florida Opportunity Fund as |
2086 | an a fund-of-funds investor in seed and early stage businesses, |
2087 | infrastructure projects, venture capital funds, and angel funds; |
2088 | and precipitate capital investment and extensions of credit to |
2089 | and in the Florida Opportunity Fund. |
2090 | Section 26. Subsection (4) and paragraph (a) of subsection |
2091 | (5) of section 288.9624, Florida Statutes, are amended to read: |
2092 | 288.9624 Florida Opportunity Fund; creation; duties.-- |
2093 | (4) For the purpose of mobilizing investment in a broad |
2094 | variety of Florida-based, new technology companies and |
2095 | generating a return sufficient to continue reinvestment, the |
2096 | fund shall: |
2097 | (a) Invest directly only in seed and early stage venture |
2098 | capital funds that have experienced managers or management teams |
2099 | with demonstrated experience, expertise, and a successful |
2100 | history in the investment of venture capital funds, focusing on |
2101 | opportunities in this state. The fund also may not make direct |
2102 | investments, including loans, in individual businesses and |
2103 | infrastructure projects. While not precluded from investing in |
2104 | venture capital funds that have investments outside this state, |
2105 | the fund must require a venture capital fund to show a record of |
2106 | successful investment in this state, to be based in this state, |
2107 | or to have an office in this state staffed with a full-time, |
2108 | professional venture investment executive in order to be |
2109 | eligible for investment. |
2110 | (b) Negotiate for investment capital or loan proceeds from |
2111 | private, institutional, or banking sources. |
2112 | (c) Negotiate any and all terms and conditions for its |
2113 | investments. |
2114 | (d) Invest only in funds, businesses, and infrastructure |
2115 | projects that have raised capital from other sources so that the |
2116 | amount invested in such funds, businesses, or infrastructure |
2117 | projects an entity in this state is at least twice the amount |
2118 | invested by the fund. Direct investments must be made in Florida |
2119 | infrastructure projects or businesses that are Florida-based or |
2120 | have significant business activities in Florida and operate in |
2121 | technology sectors that are strategic to Florida companies, |
2122 | including, but not limited to, enterprises in life sciences, |
2123 | information technology, advanced manufacturing processes, |
2124 | aviation and aerospace, and homeland security and defense, as |
2125 | well as other strategic technologies. |
2126 | (e) Form or operate other entities and accept additional |
2127 | funds from other public and private sources to further its |
2128 | purpose. |
2129 |
|
2130 | The Opportunity Fund may not use its original legislative |
2131 | appropriation of $29.5 million for direct investments, including |
2132 | loans, in businesses or infrastructure projects, or for any |
2133 | purpose not specified in chapter 2007-189, Laws of Florida. |
2134 | (5) By December 1 of each year, the board shall issue an |
2135 | annual report concerning the activities conducted by the fund to |
2136 | the Governor, the President of the Senate, and the Speaker of |
2137 | the House of Representatives. The annual report, at a minimum, |
2138 | must include: |
2139 | (a) An accounting of the amount of investments disbursed |
2140 | by the fund and the progress of the fund, including the progress |
2141 | of business and infrastructure projects that have been provided |
2142 | direct investment by the fund. |
2143 | Section 27. Paragraph (a) of subsection (2) of section |
2144 | 443.1715, Florida Statutes, is amended to read: |
2145 | 443.1715 Disclosure of information; confidentiality.-- |
2146 | (2) DISCLOSURE OF INFORMATION.-- |
2147 | (a) Subject to restrictions the Agency for Workforce |
2148 | Innovation or the state agency providing unemployment tax |
2149 | collection services adopts by rule, information declared |
2150 | confidential under this section is available to any agency of |
2151 | this or any other state, or any federal agency, charged with the |
2152 | administration of any unemployment compensation law or the |
2153 | maintenance of the one-stop delivery system, or the Bureau of |
2154 | Internal Revenue of the United States Department of the |
2155 | Treasury, the Governor's Office of Tourism, Trade, and Economic |
2156 | Development, or the Florida Department of Revenue. Information |
2157 | obtained in connection with the administration of the one-stop |
2158 | delivery system may be made available to persons or agencies for |
2159 | purposes appropriate to the operation of a public employment |
2160 | service or a job-preparatory or career education or training |
2161 | program. The Agency for Workforce Innovation shall, on a |
2162 | quarterly basis, furnish the National Directory of New Hires |
2163 | with information concerning the wages and unemployment benefits |
2164 | paid to individuals, by the dates, in the format, and containing |
2165 | the information specified in the regulations of the United |
2166 | States Secretary of Health and Human Services. Upon request, the |
2167 | Agency for Workforce Innovation shall furnish any agency of the |
2168 | United States charged with the administration of public works or |
2169 | assistance through public employment, and may furnish to any |
2170 | state agency similarly charged, the name, address, ordinary |
2171 | occupation, and employment status of each recipient of benefits |
2172 | and the recipient's rights to further benefits under this |
2173 | chapter. Except as otherwise provided by law, the receiving |
2174 | agency must retain the confidentiality of this information as |
2175 | provided in this section. The tax collection service provider |
2176 | may request the Comptroller of the Currency of the United States |
2177 | to examine the correctness of any return or report of any |
2178 | national banking association rendered under this chapter and may |
2179 | in connection with that request transmit any report or return |
2180 | for examination to the Comptroller of the Currency of the United |
2181 | States as provided in s. 3305(c) of the federal Internal Revenue |
2182 | Code. |
2183 | Section 28. This act shall take effect July 1, 2009. |
2184 |
|