Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. SB 1018
       
       
       
       
       
       
                                Ì762006yÎ762006                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/14/2017           .                                
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       The Committee on Environmental Preservation and Conservation
       (Grimsley) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 290 - 299
    4  and insert:
    5         Section 3. Paragraph (f) of subsection (2) of section
    6  220.1845, Florida Statutes, is amended to read:
    7         220.1845 Contaminated site rehabilitation tax credit.—
    8         (2) AUTHORIZATION FOR TAX CREDIT; LIMITATIONS.—
    9         (f) The total amount of the tax credits which may be
   10  granted under this section is $21.6 million in the 2015-2016
   11  fiscal year, and $5 million in the 2016-2017 fiscal year, and
   12  $10 million annually thereafter.
   13         Section 4. Subsection 4 of section 376.30781, Florida
   14  Statutes, is amended to read:
   15         376.30781 Tax credits for rehabilitation of drycleaning
   16  solvent-contaminated sites and brownfield sites in designated
   17  brownfield areas; application process; rulemaking authority;
   18  revocation authority.—
   19         (4) The Department of Environmental Protection is
   20  responsible for allocating the tax credits provided for in s.
   21  220.1845, which may not exceed a total of $21.6 million in tax
   22  credits in the 2015-2016 fiscal year, and $5 million in tax
   23  credits in the 2016-2017 fiscal year, and $10 million in tax
   24  credits annually thereafter.
   25  
   26  ================= T I T L E  A M E N D M E N T ================
   27  And the title is amended as follows:
   28         Delete lines 27 - 30
   29  and insert:
   30         requests; amending s. 220.1845, F.S.; increasing the
   31         total amount of an authorization for tax credits;
   32         amending s. 376.30781, F.S.; increasing the total
   33         amount of tax credits the department is responsible
   34         for allocating; providing an effective