995017
Florida Senate - 2009
SB7072
The Committee on Ways and Means (Gaetz) recommended the following LATE
FILED amendment:
Section:
On Page: 373
Spec App:
| EXPLANATION:
Provides $25 million for a Performance-Based Tax
Refund Pool contingent on receipt of an equal amount
of increased tax collections in FY 2009-10.
|
NET IMPACT ON: Total Funds General Revenue Trust Funds
Recurring - 0 0 0
Non-Recurring - 0 0 0
______________________________________________________________________________________
Positions & Amounts Positions & Amounts
DELETE INSERT
In Section On Page 373
Immediately following section 68, Insert new section and redesignate
subsequent sections:
Section 69. There is hereby appropriated $25 million from the General
Revenue Fund to the Office of Tourism, Trade and Economic Development
for a Performance-Based Tax Refund Pool. These funds are contingent on
receipt of an equal amount of increased tax collections in FY 2009-10 to
the state as a result of business activity that would not otherwise have
been attributed to Florida. The Office shall distribute funds to
eligible entities upon receipt of documented tax payments to the state
and determination that applicable economic development criteria have
been met. The Office shall provide a quarterly report of such
distributions, including criteria achieved and offsetting receipt data
for each distribution, to the Legislative Budget Commission.
| Line item amendments are accepted as part of the amendatory process. However, due to the necessity of using computerized systems this may entail a different placement within a budget entity or the renumbering of the specific appropriation items. Items printed in italics are computer codes and are not a part of the official text of this amendment. |
995017 Log:0018 CPK/CPK 04/07/09 11:18:21 AM Senate Page: 1