General Bill
Targeted Economic Development:
Requires DEO to create economic development zones for science, technology, engineering, & mathematics (STEM); authorizes STEM zone in counties with state university classified as having very high research activity located in its jurisdiction; provides that incentives & benefits provided for enterprise zones are available to STEM zones; requires DEO to develop grant program that applies to STEM zone; requires DEO to work with STEM zone development agency, DOE, & Workforce Florida, Inc., to develop accountability requirements & measurable objectives; assigns duties for administration of STEM zones to local governing bodies that have jurisdiction over such zones; provides eligibility criteria for incentives, & benefits provided in zones; requires that applicable requirements for employee residency for higher refund or credit thresholds be based on employee residency in STEM zone or enterprise zone; limits annual amount of such incentives; authorizes carryforward of any unused amount of incentives for specified period; requires local governing body to certify to DOR or DEO which businesses or properties are eligible for incentives; requires DOR to send written instructions to eligible businesses on claiming credit on sales & use tax return initiated through electronic data interchange.
Effective Date:
July 1, 2013
Last Event:
Died in Economic Development & Tourism Subcommittee on Friday, May 3, 2013 7:16 PM
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Subject
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Relationship
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Bill #:
SB 192
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Subject:
Targeted Economic Development
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Relationship:
Identical
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(*) Not the latest version