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The Florida Senate

HB 397: Economic Development


Economic Development; Creates Commercialization Credit Transfer Program; provides legislative findings; authorizes DOR to share certain confidential information with OTTED; adds certified credits to list of credits available against state corporate income tax; redefines term "adjusted federal income" in relation to net operating losses transferred & payments received for certified credit; provides for allocation of financial assistance as income in this state; provides purpose, intent, goals, & objectives, etc. APPROPRIATION: Indeterminate

Effective Date: 7/1/2011
Last Action: 5/7/2011 House - Died in Economic Development and Tourism Subcommittee
Bill Text: Web Page | PDF

Bill History

Date Chamber Action
1/25/2011 House • Filed
2/7/2011 House • Referred to Economic Development and Tourism Subcommittee; Rulemaking and Regulation Subcommittee; Finance and Tax Committee; Appropriations Committee; Economic Affairs Committee -HJ 39
3/8/2011 House • Introduced -HJ 39
5/7/2011 House • Indefinitely postponed and withdrawn from consideration
• Died in Economic Development and Tourism Subcommittee