Florida Senate - 2012                          SENATOR AMENDMENT
       Bill No. HB 7087, 2nd Eng.
       
       
       
       
       
       
                                Barcode 417890                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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               Floor: 1a/RE/2R         .                                
             03/09/2012 01:48 PM       .                                
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       Senator Gardiner moved the following:
       
    1         Senate Amendment to Amendment (401580) 
    2  
    3         Delete lines 702 - 711
    4  and insert:
    5         Section 9. Subsections (3) and (5) of section 212.097,
    6  Florida Statutes, are amended to read:
    7         212.097 Urban High-Crime Area Job Tax Credit Program.—
    8         (3)(a) An existing eligible business may apply for a tax
    9  credit under this subsection at any time it is entitled to such
   10  credit, except as restricted by this subsection. An existing
   11  eligible business in a tier-one qualified high-crime area which
   12  on the date of application has at least 5 more qualified
   13  employees than it had 1 year prior to its date of application
   14  shall receive a $1,500 tax credit for each such additional
   15  employee. An existing eligible business in a tier-two qualified
   16  high-crime area which on the date of application has at least 10
   17  more qualified employees than it had 1 year prior to its date of
   18  application shall receive a $1,000 credit for each such
   19  additional employee. An existing business in a tier-three
   20  qualified high-crime area which on the date of application has
   21  at least 15 more qualified employees than it had 1 year prior to
   22  its date of application shall receive a $500 tax credit for each
   23  such additional employee. An existing eligible business may
   24  apply for the credit under this subsection no more than once in
   25  any 12-month period. Any existing eligible business that
   26  received a credit under subsection (2) may not apply for the
   27  credit under this subsection sooner than 12 months after the
   28  application date for the credit under subsection (2).
   29         (b) An existing eligible business that filed an application
   30  for a tax credit under this subsection on or after January 1,
   31  2009, and was denied because of the limitation set forth in
   32  subsection (5) at the time of such application, may refile the
   33  application on or before December 31, 2012, if the number of
   34  qualified employees employed on the day the denied application
   35  is refiled is no lower than the number of qualified employees on
   36  the day the denied application was initially filed. Any credit
   37  resulting from the refiled application is subject to the
   38  aggregate limitation set forth in subsection (10) for the
   39  calendar year 2012. For purposes of applying the tax credit
   40  eligibility determination required by this section to the
   41  refiled application, the terms “date of application” and
   42  “application date” mean the date the denied application was
   43  initially filed.
   44         (5) To be eligible for a tax credit under subsection (3),
   45  the number of qualified employees employed 1 year before prior
   46  to the application date must be no lower than the number of
   47  qualified employees on January 1, 2009, or on the application
   48  date on which a credit under this section was based for any
   49  previous application, including an application under subsection
   50  (2).