Authorizes City of Palm Bay to apply to OTTED for designation of enterprise zone; provides application deadline; provides requirements for area of enterprise zone; requires OTTED to establish effective date of enterprise zone.

Effective Date: January 1, 2011

See bill here.

GENERAL BILL by Precourt and Ambler and Carroll (CO-SPONSORS) Abruzzo; Coley; Crisafulli; Ford; Frishe; Hays; Hooper; Horner; Kelly; McKeel; Plakon; Porth; Rehwinkel Vasilinda; Robaina; Soto; Taylor; Wood; Zapata
Entertainment Industry Economic Development: Revises entertainment industry financial incentive program to provide corporate income tax & sales & use tax credits to qualified entertainment entities rather than reimbursements from appropriations; revises definitions, creation & scope, eligibility & application & approval processes; delineates duties of OTTED, OFE, & DOR regarding award, election, transfer, audit, & revocation & forfeiture of credits; provides rulemaking authority for DOR & OTTED; repeals tax credit 7/1/2015; adds tax credits to order of application of tax credits against certain taxes; authorizes DOR to share certain tax information with OFE & OTTED; limits application of entertainment industry tax credits; requires electronic funds transfer for tax credits under ch. 212 & provides procedures for transfer.
Effective Date: July 1, 2010

Read entire bill here.