Florida Senate - 2013 SB 236 By Senator Hukill 8-00287-13 2013236__ 1 A bill to be entitled 2 An act relating to tax refund programs; amending ss. 3 288.1045 and 288.106, F.S.; deleting caps on tax 4 refunds for qualified defense contractors and space 5 flight businesses and for qualified target industry 6 businesses; providing an effective date. 7 8 Be It Enacted by the Legislature of the State of Florida: 9 10 Section 1. Present paragraphs (d) through (h) of subsection 11 (2) of section 288.1045, Florida Statutes, are redesignated as 12 paragraphs (c) through (g), respectively, and present paragraph 13 (c) of that subsection is amended, to read: 14 288.1045 Qualified defense contractor and space flight 15 business tax refund program.— 16 (2) GRANTING OF A TAX REFUND; ELIGIBLE AMOUNTS.— 17
(c) A qualified applicant may not receive more than $718 million in tax refunds pursuant to this section in all fiscal19 years.20 Section 2. Paragraph (c) of subsection (3) of section 21 288.106, Florida Statutes, is amended to read: 22 288.106 Tax refund program for qualified target industry 23 businesses.— 24 (3) TAX REFUND; ELIGIBLE AMOUNTS.— 25 (c) A qualified target industry business may not receive 26 refund payments of more than 25 percent of the total tax refunds 27 specified in the tax refund agreement under subparagraph 28 (5)(a)1. in any fiscal year. Further, a qualified target 29 industry business may not receive more than $1.5 million in 30 refunds under this section in any single fiscal year, or more 31 than $2.5 million in any single fiscal year if the project is 32 located in an enterprise zone. A qualified target industry33 business may not receive more than $7 million in refund payments34 under this section in all fiscal years, or more than $7.535 million if the project is located in an enterprise zone.36 Section 3. This act shall take effect July 1, 2013.