CS/CS/HB 879 (2011) -  Targeted Economic Development

General Bill by Economic Affairs Committee and Finance & Tax Committee and Eisnaugle (CO-SPONSORS) Patronis; Pilon; Van Zant
Targeted Economic Development: Provides that capital investment tax credit may be carried forward for use against corporate income tax in specified years after commencement of operations of project; redefines term "target industry business" to revise eligibility criteria for tax refund program for target industry businesses; requires certain local governing boards to notify OTTED & EFI of average private-sector wage calculation to be used for purposes of business's wage commitment under tax refund program; authorizes reduction in local financial support requirements for qualified target industry businesses located in specified counties under certain circumstances; revises date by which DCA must submit report to Governor & Legislature which evaluates success of Energy Economic Zone Pilot Program; requires that all incentives & benefits provided for enterprise zones be made available to energy economic zones; assigns duties for administration of energy economic zones to local governing bodies that have jurisdiction over such zones; provides for boundaries of zones & eligibility criteria for incentives & benefits provided in such zones; requires that applicable requirements for employee residency for higher refund or credit thresholds be based on employee residency in energy economic zone or enterprise zone; establishes priorities for funding certain projects; limits annual amount of such incentives; authorizes carryforward of any unused amount of incentives for specified period; provides for issuance of certificates to eligible businesses; requires local governing body to certify to DOR or OTTED 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; authorizes OTTED & DOR to adopt emergency rules; provides for renewal of rules; exempts certain developments in energy economic zone from review as development of regional impact.
Effective Date: July 1, 2011
Last Event: 06/27/11 Chapter No. 2011-223, companion bill(s) passed, see SB 2156 (Ch. 2011-142) on Monday, June 27, 2011 8:50 AM
Date Available for Final Passage: Tuesday, May 03, 2011 6:56 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: HB 1175 Subject: Energy Economic Zones Relationship: Compare
Bill #: CS/CS/SB 1318 Subject: Tax Refund Program/Target Industry Businesses Relationship: Compare
Bill #: CS/CS/SB 1460 Subject: Energy Economic Zones Relationship: Compare
Bill #: SB 1686 Subject: Economic Development Relationship: Compare
Bill #: SB 2156 Subject: Governmental Reorganization Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 6/28/2011 1:41:38 PM
Chamber: House Committee: Economic Affairs Committee 4/18/2011 9:57:51 AM
Chamber: House Committee: Economic Affairs Committee 4/12/2011 4:05:17 PM
Chamber: House Committee: Finance & Tax Committee 4/7/2011 1:25:24 PM
Chamber: House Committee: Finance & Tax Committee 4/3/2011 2:00:25 PM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/15/2011 3:52:52 PM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/14/2011 8:54:41 AM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/29/2011 06:57 PM   Yeas: 114 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 423] Barcode:
Chamber: Senate Date: 05/04/2011 05:05 PM   Yeas: 39 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 18] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2011-223, companion bill(s) passed, see SB 2156 (Ch. 2011-142) Time: 06/27/2011 - 8:50 AM Member: Committee: Version: er
Event: Approved by Governor Time: 06/24/2011 - 6:51 AM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 06/13/2011 - 10:29 AM Member: Committee: Version: er
Event: H Ordered enrolled Time: 05/04/2011 - 7:08 PM Member: Committee: Version: e1
Event: H In Messages Time: 05/04/2011 - 7:08 PM Member: Committee: Version: e1
Event: S CS passed; YEAS 39 NAYS 0 -SJ 837 Time: 05/04/2011 - 5:05 PM Member: Committee: Version: e1
Event: S Read 3rd time -SJ 837 Time: 05/04/2011 - 5:05 PM Member: Committee: Version: e1
Event: S Read 2nd time -SJ 837 Time: 05/04/2011 - 5:04 PM Member: Committee: Version: e1
Event: S Substituted for CS/CS/SB 1318 -SJ 837 Time: 05/04/2011 - 5:04 PM Member: Committee: Version: e1
Event: S Placed on Calendar, on 2nd reading Time: 05/04/2011 - 5:04 PM Member: Committee: Version: e1
Event: S Withdrawn from Commerce and Tourism; Budget Subcommittee on Transportation, Tourism, and Economic Development Appropriations; Budget -SJ 837 Time: 05/04/2011 - 5:04 PM Member: Committee: Version: e1
Event: S Received -SJ 780 Time: 05/04/2011 - 10:26 AM Member: Committee: Version: e1
Event: S Referred to Commerce and Tourism; Budget Subcommittee on Transportation, Tourism, and Economic Development Appropriations; Budget -SJ 780 Time: 05/03/2011 - 7:28 PM Member: Committee: Version: e1
Event: S In Messages Time: 04/29/2011 - 10:20 PM Member: Committee: Version: e1
Event: H Message sent to senate Time: 04/29/2011 - 9:59 PM Member: Committee: Version: e1
Event: H CS passed as amended; YEAS 114, NAYS 0 Time: 04/29/2011 - 6:57 PM Member: Committee: Version: c2
Event: H Passage on third reading Time: 04/29/2011 - 6:57 PM Member: Committee: Version: c2
Event: H Read 3rd time Time: 04/29/2011 - 6:57 PM Member: Committee: Version: c2
Event: H Amendment 793425 withdrawn Time: 04/29/2011 - 6:57 PM Member: Committee: Version: c2
Event: H Amendment 626451 adopted Time: 04/29/2011 - 6:56 PM Member: Committee: Version: c2
Event: H Amendment 048109 adopted Time: 04/29/2011 - 6:55 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 04/29/2011 - 6:54 PM Member: Committee: Version: c2
Event: H Amendment 793425 filed Time: 04/28/2011 - 1:58 PM Member: Committee: Version: c2
Event: H Amendment 048109 filed Time: 04/28/2011 - 1:25 PM Member: Committee: Version: c2
Event: H Amendment 579755 withdrawn Time: 04/28/2011 - 1:05 PM Member: Committee: Version: c2
Event: H Amendment 626451 filed Time: 04/28/2011 - 11:57 AM Member: Committee: Version: c2
Event: H Amendment 579755 filed Time: 04/28/2011 - 8:28 AM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (4/29/2011) Time: 04/27/2011 - 8:20 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/18/2011 - 5:21 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 04/18/2011 - 5:21 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/18/2011 - 3:56 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/18/2011 - 10:06 AM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 04/18/2011 - 10:06 AM Member: Committee: Version: c1
Event: H Reported out of Economic Affairs Committee Time: 04/18/2011 - 9:58 AM Member: Committee: Economic Affairs Committee Version: c1
Event: H Favorable with CS by Economic Affairs Committee Time: 04/12/2011 - 4:00 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Added to Economic Affairs Committee agenda Time: 04/08/2011 - 4:15 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Now in Economic Affairs Committee Time: 04/08/2011 - 1:12 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H Referred to Economic Affairs Committee Time: 04/08/2011 - 1:12 PM Member: Committee: Economic Affairs Committee Version: c1
Event: H 1st Reading Time: 04/07/2011 - 11:59 PM Member: Committee: Version: c1
Event: H CS Filed Time: 04/07/2011 - 1:30 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 04/07/2011 - 1:30 PM Member: Committee: Version: __
Event: H Reported out of Finance & Tax Committee Time: 04/07/2011 - 1:25 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Favorable with CS by Finance & Tax Committee Time: 04/05/2011 - 2:45 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Added to Finance & Tax Committee agenda Time: 04/01/2011 - 4:15 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Now in Finance & Tax Committee Time: 03/15/2011 - 3:56 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Reported out of Economic Development & Tourism Subcommittee Time: 03/15/2011 - 3:56 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Favorable by Economic Development & Tourism Subcommittee Time: 03/15/2011 - 2:30 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Added to Economic Development & Tourism Subcommittee agenda Time: 03/11/2011 - 4:15 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/03/2011 - 9:49 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 03/03/2011 - 9:49 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 03/03/2011 - 9:49 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Filed Time: 02/21/2011 - 11:28 AM Member: Eisnaugle Committee: Version: __