Florida Senate - 2012                        COMMITTEE AMENDMENT
       Bill No. SB 156
                                Barcode 673992                          
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  10/19/2011           .                                

       The Committee on Community Affairs (Norman) recommended the
    1         Senate Amendment (with directory amendment)
    3         Between lines 378 and 379
    4  insert:
    5         (11) An ordinance granting an exemption under this section
    6  shall be adopted in the same manner as any other ordinance of
    7  the county or municipality and shall include the following:
    8         (a) The name and address of the new business or expansion
    9  of an existing business to which the exemption is granted;
   10         (b) The total amount of revenue available to the county or
   11  municipality from ad valorem tax sources for the current fiscal
   12  year, the total amount of revenue lost to the county or
   13  municipality for the current fiscal year by virtue of economic
   14  development ad valorem tax exemptions currently in effect, and
   15  the estimated revenue loss to the county or municipality for the
   16  current fiscal year attributable to the exemption of the
   17  business named in the ordinance;
   18         (c) The period of time for which the exemption will remain
   19  in effect and the expiration date of the exemption, which may be
   20  any period of time up to 10 years; and
   21         (d) A finding that the business named in the ordinance
   22  meets the requirements of s. 196.012(14)(15) or (15)(16).
   25  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   26         And the directory clause is amended as follows:
   27         Delete lines 323 - 324
   28  and insert:
   29         Section 8. Subsections (6) and (8), paragraph (d) of
   30  subsection (9), and subsection (11) of section 196.1995, Florida
   31  Statutes, are