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HB 7087: Economic Development

GENERAL BILL by Finance and Tax Committee ; Precourt ; Albritton ; Grant ; Workman ; Smith ; Roberson ; Crisafulli ; (CO-INTRODUCERS) Abruzzo ; Baxley ; Brandes ; Burgin ; Dorworth ; Harrison ; Holder ; Hukill ; Ingram ; Plakon ; Steube

Economic Development; Provides exemption from intangible tax for lessees performing governmental, municipal, or public purpose or function; establishes funding source for H. Lee Moffitt Cancer Center & Research Institute from portion of cigarette tax collections; establishes purposes for which funding to H. Lee Moffitt Cancer Center & Research Institute may be used; revises excise tax rates levied upon each ton of phosphate rock severed; defines term "mature field recovery oil" & applies to such oil tiered severance tax rates applicable to tertiary oil; provides exemption from tax on sales, use, & other transactions for electricity used by packinghouses; expands exemptions from sales & use tax on labor, parts, & equipment used in repairs of certain aircraft; provides exemption from tax on sales, use, & other transactions for sale or lease of accessible taxicabs; revises eligibility criteria for tax credits under Urban High-Crime Area Job Tax Credit Program; increases amount of income that is exempt from franchise tax imposed on banks & savings associations, etc. APPROPRIATION: $15,126,284.00

Effective Date: 7/1/2012
Last Action: 3/28/2012 - Chapter No. 2012-32, companion bill(s) passed, see CS/HB 517 (Ch. 2012-61), CS/CS/CS/HB 599 (Ch. 2012-174), HB 693 (Ch. 2012-208)
Location: Became Law
Bill Text: PDF
Senate Committee References:
  1. Budget Subcommittee on Finance and Tax (BFT)
  2. Budget (BC)



Bill History

Date Chamber Action
2/2/2012 House • Filed
• Referred to Calendar -HJ 445
• Introduced -HJ 445
2/6/2012 House • Placed on Special Order Calendar, 02/08/12
2/8/2012 House • Temporarily postponed, on 2nd Reading -HJ 531
2/10/2012 House • Placed on Special Order Calendar, 02/14/12
2/14/2012 House • Read 2nd time -HJ 584
• Amendment(s) adopted (135681) -HJ 587
• Placed on 3rd reading
2/15/2012 House • Read 3rd time -HJ 607
• Amendment(s) adopted (523439) -HJ 608
• Amendment(s) failed (063245, 765459) -HJ 609
• Passed as amended; YEAS 92 NAYS 22 -HJ 609
• Requests that the Senate pass the bill as passed by the House or agree to conference -HJ 626
2/16/2012 Senate • In Messages
2/21/2012 Senate • Placed on Special Order Calendar, 02/23/12 --Not Received
• Received -SJ 550
• Referred to Budget -SJ 550
2/23/2012 Senate • Subreferred to Budget Subcommittee on Finance and Tax -SJ 673
• Now in Budget Subcommittee on Finance and Tax
• On Committee agenda-- Budget Subcommittee on Finance and Tax, 02/28/12, 11:30 am, 301 Senate Office Building
2/28/2012 Senate • Favorable with 10 amendment(s) by Budget Subcommittee on Finance and Tax (260648, 269836, 593852, 225318, 856716, 824448, 531888, 873310, 749210, 783522); YEAS 4 NAYS 0 -SJ 699
• Now in Budget -SJ 699
3/6/2012 Senate • On Committee agenda-- Budget, 03/07/12, 8:00 am, 412 Knott Building
3/7/2012 Senate • Favorable with 1 amendment(s) by- Budget (401580); YEAS 21 NAYS 0 -SJ 956
• Pending reference review -under Rule 4.7(2) - (Amendments)
• Placed on Calendar, on 2nd reading -SJ 956
• Placed on Special Order Calendar, 03/09/12
3/9/2012 Senate • Read 2nd time -SJ 1156
• Amendment(s) adopted (372016, 401580) -SJ 1157
• Read 3rd time -SJ 1168
• Passed as amended; YEAS 40 NAYS 0 -SJ 1168
3/9/2012 House • In returning messages
• Concurred in 1 amendment(s) (372016) -HJ 1261
• Passed as amended; YEAS 117 NAYS 1 -HJ 1270
• Ordered engrossed, then enrolled -HJ 1270
3/16/2012 • Signed by Officers and presented to Governor
3/28/2012 • Approved by Governor
• Chapter No. 2012-32, companion bill(s) passed, see CS/HB 517 (Ch. 2012-61), CS/CS/CS/HB 599 (Ch. 2012-174), HB 693 (Ch. 2012-208)