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A bill to be entitled

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An act relating to the community contribution corporate

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income tax credit; amending s. 220.03, F.S.; revising a

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definition of the term "project" to expand the types of

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projects eligible for the credit to include certain public

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broadcasting programs and materials; providing an

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effective date.

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Be It Enacted by the Legislature of the State of Florida:

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     Section 1.  Paragraph (t) of subsection (1) of section

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220.03, Florida Statutes, is amended to read:

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     220.03  Definitions.--

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     (1)  SPECIFIC TERMS.--When used in this code, and when not

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otherwise distinctly expressed or manifestly incompatible with

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the intent thereof, the following terms shall have the following

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meanings:

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     (t)  "Project" means any activity undertaken by an eligible

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sponsor, as defined in s. 220.183(2)(c), which is designed to

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construct, improve, or substantially rehabilitate housing that is

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affordable to low-income or very-low-income households as defined

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in s. 420.9071(19) and (28); designed to provide commercial,

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industrial, or public resources and facilities; or designed to

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improve entrepreneurial and job-development opportunities for

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low-income persons. A project may be the investment necessary to

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increase access to high-speed broadband capability in rural

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communities with enterprise zones, including projects that result

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in improvements to communications assets that are owned by a

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business. A project may include the provision of museum or public

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broadcasting educational programs and materials that are directly

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related to any project approved between January 1, 1996, and

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December 31, 2006 1999, and located in an enterprise zone

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designated pursuant to s. 290.0065. This paragraph does not

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preclude projects that propose to construct or rehabilitate low-

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income or very-low-income housing on scattered sites. With

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respect to housing, contributions may be used to pay the

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following eligible project-related activities:

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     1.  Project development, impact, and management fees for

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low-income or very-low-income housing projects;

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     2.  Down payment and closing costs for eligible persons, as

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defined in s. 420.9071(19) and (28);

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     3.  Administrative costs, including housing counseling and

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marketing fees, not to exceed 10 percent of the community

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contribution, directly related to low-income or very-low-income

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projects; and

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     4.  Removal of liens recorded against residential property

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by municipal, county, or special-district local governments when

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satisfaction of the lien is a necessary precedent to the transfer

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of the property to an eligible person, as defined in s.

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420.9071(19) and (28), for the purpose of promoting home

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ownership. Contributions for lien removal must be received from a

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nonrelated third party.

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The provisions of this paragraph shall expire and be void on June

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30, 2015.

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     Section 2.  This act shall take effect July 1, 2008.