HOUSE AMENDMENT

                                  Bill No. CS for SB 426, 1st Eng.

    Amendment No. ___ (for drafter's use only)

                            CHAMBER ACTION
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  5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Ryan and Wiles offered the following:

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13         Amendment to Amendment (042761) 

14         On page 64, line 14 through page 65 line 12,

15  remove:  all of said lines

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17  and insert:

18         Section 1.  Subsections (2) and (3) and paragraph (d)

19  of subsection (6) of section 212.098, Florida Statutes, are

20  amended to read:

21         212.098  Rural Job Tax Credit Program.--

22         (2)  A new eligible business may apply for a tax credit

23  under this subsection once at any time during its first year

24  of operation. A new eligible business in a tier-one qualified

25  area that has at least 10 qualified employees on the date of

26  application shall receive a $1,000 $5,000 tax credit for each

27  such employee.

28         (3)  An existing eligible business may apply for a tax

29  credit under this subsection at any time it is entitled to

30  such credit, except as restricted by this subsection. An

31  existing eligible business with fewer than 50 employees in a

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    File original & 9 copies    03/15/02
    hmo0011                     10:25 am         00426-0099-452917




                                                   HOUSE AMENDMENT

                                  Bill No. CS for SB 426, 1st Eng.

    Amendment No. ___ (for drafter's use only)





  1  qualified area that on the date of application has at least 20

  2  percent more qualified employees than it had 1 year prior to

  3  its date of application shall receive a $1,000 $2,500 tax

  4  credit for each such additional employee. An existing eligible

  5  business that has 50 employees or more in a qualified area

  6  that, on the date of application, has at least 10 more

  7  qualified employees than it had 1 year prior to its date of

  8  application shall receive a $1,000 tax credit for each

  9  additional employee. Any existing eligible business that

10  received a credit under subsection (2) may not apply for the

11  credit under this subsection sooner than 12 months after the

12  application date for the credit under subsection (2).

13         (6)

14         (d)  A business may not receive more than $500,000 of

15  tax credits under this section during any one calendar year

16  for its efforts in creating jobs.

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    File original & 9 copies    03/15/02
    hmo0011                     10:25 am         00426-0099-452917