Florida Senate - 2016 COMMITTEE AMENDMENT
Bill No. SB 1646
Ì402838>Î402838
LEGISLATIVE ACTION
Senate . House
Comm: FAV .
01/25/2016 .
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The Committee on Commerce and Tourism (Richter) recommended the
following:
1 Senate Amendment to Amendment (168922) (with title
2 amendment)
3
4 Delete lines 220 - 243
5 and insert:
6 Section 9. Paragraphs (a), (c), and (e) of subsection (1),
7 paragraph (3) of subsection (3), and subsection (6) of section
8 288.076, Florida Statutes, are amended to read:
9 288.076 Return on investment reporting for economic
10 development programs.—
11 (1) As used in this section, the term:
12 (a) “Jobs” has the same meaning as provided in s.
13 288.106(2) s. 288.106(2)(i).
14 (c) “Project” has the same meaning as provided in s.
15 288.106(2) s. 288.106(2)(m).
16 (e) “State investment” means all state funds spent or
17 foregone to benefit a business, including state funds
18 appropriated to public and private entities, any state grants,
19 tax exemptions, tax refunds, tax credits, and any other source
20 of state funds which should reasonably be known to the
21 department at the time of approval or other state incentives
22 provided to a business under a program administered by the
23 department, including the capital investment tax credit under s.
24 220.191.
25 (3) Within 48 hours after expiration of the period of
26 confidentiality for project information deemed confidential and
27 exempt pursuant to s. 288.075, the department shall publish the
28 following information pertaining to each project:
29 (e) Project performance goals.—
30 1. The incremental direct jobs attributable to the project,
31 identifying the number of jobs generated and the number of jobs
32 retained.
33 2. The number of jobs generated and the number of jobs
34 retained by the project, and for projects commencing after
35 October 1, 2013, the average annual wage of persons holding such
36 jobs and the number of jobs generated and the number of jobs
37 retained which provide health benefits for the employee.
38 3. The incremental direct capital investment in the state
39 generated by the project.
40 (6) Annually, the department shall publish information
41 relating to the progress of Florida Enterprise Quick Action
42 Closing Fund projects, including the average number of days
43 between the date the department receives a completed application
44 and the date on which the application is approved.
45 Section 10. Paragraph (c) of subsection (1), paragraph (d)
46 of subsection (2), and subsection (3) of section 288.907,
47 Florida Statutes, are amended, to read:
48 288.907 Annual incentives report.—By December 30 of each
49 year, Enterprise Florida, Inc., in conjunction with the
50 department, shall provide the Governor, the President of the
51 Senate, and the Speaker of the House of Representatives a
52 detailed incentives report quantifying the economic benefits for
53 all of the economic development incentive programs marketed by
54 Enterprise Florida, Inc. The annual incentives report must
55 include:
56 (1) For each incentive program:
57 (c) The actual amount of private capital invested, the
58 actual number of jobs created, the actual number of jobs created
59 which provide health benefits for the employee, the actual
60 number of jobs retained, the actual number of jobs retained
61 which provide health benefits for the employee, and actual wages
62 paid for incentive agreements completed during the previous 3
63 years for each target industry sector.
64 (2) For projects completed during the previous state fiscal
65 year:
66 (d) The projects for which a tax refund, tax credit, or
67 cash grant agreement was executed, identifying for each project:
68 1. The number of jobs committed to be created and the
69 number of those jobs that will provide health benefits for the
70 employee.
71 2. The number of jobs committed to be retained and the
72 number of those jobs that will provide health benefits for the
73 employee.
74 3.2. The amount of capital investments committed to be
75 made.
76 4.3. The annual average wage committed to be paid.
77 5.4. The amount of state economic development incentives
78 committed to the project from each incentive program under the
79 project’s terms of agreement with the Department of Economic
80 Opportunity.
81 6.5. The amount and type of local matching funds committed
82 to the project.
83 (3) For economic development projects that received tax
84 refunds, tax credits, or cash grants under the terms of an
85 agreement for incentives:
86 (a) The number of jobs actually created and the number of
87 those jobs that provided health benefits for the employee.
88 (b) The number of jobs actually retained and the number of
89 those jobs that provided health benefits for the employee.
90 (c)(b) The amount of capital investments actually made.
91 (d)(c) The annual average wage paid.
92
93 ================= T I T L E A M E N D M E N T ================
94 And the title is amended as follows:
95 Delete line 667
96 and insert:
97 references; providing requirements for information
98 that the department is required to publish on a
99 certain website; amending s. 288.907, F.S.; requiring
100 reporting on the number of jobs that provide health
101 benefits to employees; amending s. 288.095, F.S.;
102 conforming