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HB 7203: Economic Development

GENERAL BILL by Finance and Tax Committee ; Precourt ; (CO-INTRODUCERS) Holder ; Metz

Economic Development; Defines terms "full-time employee" & "qualified capital expenditures"; provides for apportionment of certain taxpayer's adjusted federal income solely by sales factor; provides for eligibility based on taxpayer's capital expenditures & number of full-time employees; authorizes DOR to examine & verify that taxpayer has correctly apportioned its taxes; authorizes OTTED to approve & revoke approval of an application; provides for recapture of unpaid taxes, interest, & penalties, etc. APPROPRIATION: $89,000,000.00

Effective Date: 7/1/2011
Last Action: 5/7/2011 House - Died in House, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)
Location: In conference committee
Bill Text: PDF

Bill History

Date Chamber Action
3/31/2011 House • Filed
• Referred to Calendar -HJ 384
• Introduced -HJ 384
4/1/2011 House • Placed on Special Order Calendar, 04/06/11
4/6/2011 House • Read 2nd time -HJ 424
• Amendment(s) adopted (931107) -HJ 424
• Read 3rd time -HJ 424
• Passed as amended; YEAS 117 NAYS 0 -HJ 424
• Immediately certified -HJ 425
• Requests that the Senate pass the bill as passed by the House or agree to conference. -HJ 425
4/6/2011 Senate • In Messages
4/7/2011 Senate • Received -SJ 452
• Referred to Budget -SJ 452
• Withdrawn from Budget -SJ 452
• Placed on Special Order Calendar, 04/07/11 -SJ 452
• Read 2nd time -SJ 452
• Amendment(s) adopted (482612) -SJ 453
• Read 3rd time -SJ 453
• Passed as amended; YEAS 37 NAYS 2 -SJ 453
• Immediately certified -SJ 453
• Refused to concur, acceded to request for conference committee -SJ 453
4/7/2011 House • In returning messages
4/26/2011 House • Conference Committee appointed: Representatives Precourt (Chair), Bernard, Dorworth, Holder, Ray -HJ 778
4/26/2011 Senate • Conference Committee appointed: Senators Alexander (Chair), Negron (Vice Chair); Gaetz, Gardiner, Siplin, Thrasher (At Large); Budget Conference Committee on FRS/Retirement: Ring (Chair), Benacquisto; Budget Conference Committee on Professional Deregulation: Hays (Chair); Budget Conference Committee on Governmental Reorganization: Gaetz (Chair); Budget Conference Committee on SEED Fund: Gaetz (Chair); Budget Conference Committee on State Employee Group Health Insurance: Negron (Chair); Budget Conference Committee on Criminal and Civil Justice/Justice: Fasano (Chair), Bennett, Evers, Joyner, Sachs, Storms, Thrasher; Budget Conference Committee on Education Pre-K - 12/PreK-12: Simmons (Chair), Bullard, Detert, Dockery, Montford, Wise; Budget Conference Committee on General Government/Government Operations: Hays (Chair), Dean, Diaz de la Portilla, Jones, Ring; Budget Conference Committee on Health and Human Services/Health Care: Negron (Chair), Flores, Garcia, Norman, Richter, Sobel; Budget Conference Committee on Higher Education/Higher Education: Lynn (Chair), Altman, Braynon, Oelrich, Siplin; Budget Conference Committee on Transportation, Tourism, and Economic Development/Transportation and Economic Development: Gaetz (Chair), Benacquisto, Bogdanoff, Hill, Latvala, Margolis, Smith -SJ 507
5/7/2011 House • Conference Committee Report considered --Temporarily deferred -HJ 1934, 1935, 1949
• Died in House, companion bill(s) passed, see CS/HB 143 (Ch. 2011-76)