General Bill
Economic Development:
Requires Department of Economic Opportunity to designate director of manufacturing; provides responsibilities for director; revises provisions relating to tax credit program for capital investment by certain qualifying businesses; removes creation or retention of jobs as criteria for qualified project; requires capital investment of at least $10 million as criteria for qualified project; increases period authorized for tax credit under program; creates new category of annual tax credit; provides additional annual credits for sales taxes & ad valorem taxes paid by certain qualifying businesses; provides tax credits for qualifying businesses located out of state; revises provisions relating to tax refund program for qualified target industry businesses; provides that certain capital investment qualifies target industry business for tax refund; creates Manufacturing Capital Investment Tax Refund Program within DEO; provides for amounts of capital investments for manufacturing businesses that are eligible for tax refunds; provides for application & approval process for qualified projects; authorizes Division of Strategic Business Development in DEO to adopt rules.
Effective Date:
July 1, 2012
Last Event:
Died in Business & Consumer Affairs Subcommittee on Friday, March 9, 2012 11:59 PM
| Bill #
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Subject
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Relationship
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Bill #:
SB 684
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Subject:
Economic Development
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Relationship:
Identical
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| Statute
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Other Bill Citations
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220.191
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SB 684,
HB 1335,
CS/CS/SB 1416,
SB 1590,
CS/HB 7027*
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288.106
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SB 684,
SB 896,
CS/SB 1110,
HB 1199,
CS/SB 1204,
CS/CS/SB 1416,
SB 1434,
SB 1996*,
CS/CS/CS/SB 2094,
HB 7007*,
CS/HB 7027*,
CS/HB 7041*,
CS/HB 7069*,
CS/CS/HB 7117*
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288.1084
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SB 684
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(*) Not the latest version