Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. SB 506
       
       
       
       
       
       
                                Barcode 304270                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/22/2011           .                                
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       The Committee on Community Affairs (Ring) recommended the
       following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 74 - 99
    4  and insert:
    5         (16) “Expansion of an existing business” means:
    6         (a) The expansion of an existing business or nonprofit
    7  organization, other than its relocation to another community,
    8  which results in a net increase of new, full-time jobs for which
    9  the board or governing authority wishes to provide incentives
   10  through ad valorem tax exemptions granted pursuant to s.
   11  196.1995; or
   12         1. A business establishing 10 or more jobs to employ 10 or
   13  more full-time employees in this state, which manufactures,
   14  processes, compounds, fabricates, or produces for sale items of
   15  tangible personal property at a fixed location and which
   16  comprises an industrial or manufacturing plant; or
   17         2. A business establishing 25 or more jobs to employ 25 or
   18  more full-time employees in this state, the sales factor of
   19  which, as defined by s. 220.15(5), for the facility with respect
   20  to which it requests an economic development ad valorem tax
   21  exemption is less than 0.50 for each year the exemption is
   22  claimed; provided that such business increases operations on a
   23  site colocated with a commercial or industrial operation owned
   24  by the same business, resulting in a net increase in employment
   25  of not less than 10 percent or an increase in productive output
   26  of not less than 10 percent.
   27         (b) Any business located in an enterprise zone or
   28  brownfield area that increases operations on a site colocated
   29  with a commercial or industrial operation owned by the same
   30  business.