Florida Senate - 2016                        COMMITTEE AMENDMENT
       Bill No. CS for SB 1190
       
       
       
       
       
       
                                Ì1444284Î144428                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  02/29/2016           .                                
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       The Committee on Rules (Diaz de la Portilla) recommended the
       following:
       
    1         Senate Substitute for Amendment (913352) (with title
    2  amendment)
    3  
    4         Delete lines 8 - 36
    5  and insert:
    6         (6)(a) The governing body of a county may designate
    7  specific tax increment areas, not to exceed 300 acres, to employ
    8  tax increment financing for the purposes of this section. The
    9  governing body of the county shall administer a separate reserve
   10  account to deposit tax increment revenues for each tax increment
   11  area created pursuant to this subsection.
   12         (b) Tax increment revenues, including the proceeds of any
   13  revenue bonds secured by, and repaid with, such tax increment
   14  revenues, shall be used to fund economic development activities,
   15  as referenced in this section, and the following infrastructure
   16  projects and expenditures, when such projects and expenditures
   17  directly benefit the tax increment area:
   18         1. Wetland mitigation credits.
   19         2. Public roadways, including fill, grading, road surface,
   20  curbs, gutters, and roadway drainage.
   21         3. Reworked public roadways, including fill, grading, road
   22  surface, curbs, gutters, and roadway drainage.
   23         4. Site lighting on public property, including roadway
   24  lighting and safety lighting.
   25         5. Pedestrian walkways that connect development within the
   26  tax increment area to public areas.
   27         6. Mass transit facilities.
   28         7. Off-site highway interchanges, on and off ramps, lane
   29  additions, lane widening, reconfigurations, and related highway
   30  improvements, such as lighting, striping, and traffic management
   31  equipment and systems.
   32         8. Off-site roadway and bridge improvements, including
   33  intersections, lane additions, lane widening, reconfigurations,
   34  and related improvements, such as lighting, striping, and
   35  traffic management equipment and systems.
   36         9. Off-site preparation costs, including grading,
   37  excavation, and related costs.
   38         10. Underground utility connection preparation costs,
   39  including sanitary sewer, water, power, gas, and communications
   40  utilities.
   41         11. Off-site stormwater management system and retention
   42  structures.
   43  
   44  Such funds may not be used for the construction of buildings
   45  used solely for commercial or retail purposes within the tax
   46  increment area.
   47         (c) The tax increment authorized under this section shall
   48  be determined annually and shall be the amount equal to a
   49  maximum of 95 percent of the difference between:
   50         1. The amount of ad valorem taxes levied each year by the
   51  county, exclusive of any amount from any debt service millage,
   52  on taxable real property contained within the geographic
   53  boundaries of the tax increment area; and
   54         2. The amount of ad valorem taxes which would have been
   55  produced by the rate upon which the tax is levied each year by
   56  or for the county, exclusive of any debt service millage, upon
   57  the total of the assessed value of the taxable real property in
   58  the tax increment area as shown upon the most recent assessment
   59  roll used in connection with the taxation of such property by
   60  the county before the establishment of the tax increment area.
   61         (d) The Department of Transportation or the Florida
   62  Turnpike Enterprise may not impose any fee on, or require any
   63  contribution from, a commercial or retail development within a
   64  tax increment finance area to fund, or assist in funding, any
   65  transportation infrastructure improvement.
   66  
   67  ================= T I T L E  A M E N D M E N T ================
   68  And the title is amended as follows:
   69         Delete lines 606 - 607
   70  and insert:
   71         directly benefit the tax increment area; specifying
   72         determination requirements for a tax increment;
   73         prohibiting the Department of Transportation or the
   74         Florida Turnpike Enterprise from imposing certain fees
   75         on or requiring certain contributions from a
   76         commercial or retail development within a tax
   77         increment finance area; amending s.