Florida Senate - 2016                                    SB 1340
       
       
        
       By Senator Abruzzo
       
       25-01533B-16                                          20161340__
    1                        A bill to be entitled                      
    2         An act relating to income inequality; providing a
    3         short title; requiring the Office of Program Policy
    4         Analysis and Government Accountability to conduct a
    5         study to identify the legislative actions and funding
    6         necessary to achieve specified goals; specifying
    7         actions that may be included in the study; requiring
    8         the office to submit a report to the President of the
    9         Senate and the Speaker of the House of Representatives
   10         by a certain date; providing an effective date.
   11          
   12  Be It Enacted by the Legislature of the State of Florida:
   13  
   14         Section 1. This act may be cited as the “Income Inequality
   15  Study Act.”
   16         Section 2. The Office of Program Policy Analysis and
   17  Government Accountability shall:
   18         (1) Conduct a study to identify the actions, and the
   19  funding necessary to support these actions, which the
   20  Legislature may take, including, but not limited to, reinstating
   21  the intangibles tax, revising the corporate income tax, and
   22  making the sales tax less regressive, to achieve the following
   23  goals:
   24         (a) Reduce income disparity to the 1970 level.
   25         (b) Strengthen the prevention, identification, and
   26  prosecution of identity theft.
   27         (c) Strengthen the prevention, identification, and
   28  prosecution of consumer fraud, including, but not limited to,
   29  mortgage fraud.
   30         (d) Provide a level of funding to public education equal to
   31  the national average level of funding per student in grades K-12
   32  and in higher education.
   33         (e) Provide a level of funding that meets the national
   34  average level for unemployment compensation.
   35         (f) Provide a level of funding that meets the national
   36  average level of funding for early childhood education.
   37         (g) Determine the incremental yearly increases needed to
   38  establish the state minimum wage as a livable wage over a 5-year
   39  period as it relates to a single person, to one wage earner in a
   40  family of two which consists of one adult and one child, and to
   41  a family of three which consists of one adult and two children.
   42         (2) Submit a report of its findings and determinations to
   43  the President of the Senate and the Speaker of the House of
   44  Representatives by November 1, 2016.
   45         Section 3. This act shall take effect upon becoming a law.