Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. HB 5601
       
       
       
       
       
       
                                Ì8775424Î877542                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/25/2014           .                                
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       following:
       
    1         Senate Amendment to Amendment (477076) (with title
    2  amendment)
    3  
    4         Between lines 369 and 370
    5  insert:
    6         Section 9. Effective July 1, 2014, paragraph (c) of
    7  subsection (3) of section 288.9914, Florida Statutes, is amended
    8  to read:
    9         288.9914 Certification of qualified investments; investment
   10  issuance reporting.—
   11         (3) REVIEW.—
   12         (c) The department may not approve a cumulative amount of
   13  qualified investments that may result in the claim of more than
   14  $227.55 $178.8 million in tax credits during the existence of
   15  the program or more than $46.6 $36.6 million in tax credits in a
   16  single state fiscal year. However, the potential for a taxpayer
   17  to carry forward an unused tax credit may not be considered in
   18  calculating the annual limit.
   19  
   20  ================= T I T L E  A M E N D M E N T ================
   21  And the title is amended as follows:
   22         Delete lines 378 - 404
   23  and insert:
   24         An act relating to economic development; amending s.
   25         202.12, F.S.; reducing the tax rate applied to the
   26         sale of communications services; reducing the tax rate
   27         applied to the retail sale of direct-to-home satellite
   28         services; amending s. 202.12001, F.S.; conforming
   29         rates to the reduction of the communications services
   30         tax; amending s. 202.18, F.S.; revising the
   31         distribution of tax revenues received; amending s.
   32         203.001. F.S.; conforming rates to the reduction of
   33         the communications services tax; amending s. 212.20,
   34         F.S.; providing for a monthly distribution of a
   35         specified amount of sales tax revenue to a complex
   36         certified as a motorsports entertainment complex by
   37         the Department of Economic Opportunity; amending s.
   38         288.1171, F.S.; authorizing the department to certify
   39         a single applicant as a motorsports entertainment
   40         complex if it meets specified criteria; authorizing
   41         the Auditor General to verify the expenditure of
   42         specified distributions and to notify the Department
   43         of Revenue of improperly expended funds so that it may
   44         pursue recovery; specifying a period during which the
   45         sale of clothing, wallets, bags, school supplies,
   46         personal computers, and personal computer-related
   47         accessories are exempt from the sales tax; providing
   48         definitions; providing exceptions; authorizing the
   49         Department of Revenue to adopt emergency rules;
   50         providing an appropriation; amending s. 288.9914,
   51         F.S.; revising limits on tax credits that may be
   52         approved by the Department of Economic Opportunity
   53         under the New Markets Development Program; providing
   54         effective dates.