Florida Senate - 2021 SB By Senator Torres 15-01916-21 20211708__ CODING: Words stricken are deletions; words underlined are additions. A bill to be entitled

An act relating to the Urban High-Crime Area Job Tax Credit Program; repealing s. 212.097, F.S., relating to the Urban High-Crime Area Job Tax Credit Program; 4 amending ss. 220.1895 and 288.0655, F.S.; conforming provisions to changes made by the act; providing an effective date. 7

Be It Enacted by the Legislature of the State of Florida: 9

Section

Section 212.097, Florida Statutes, is repealed. 11

Section

Section 220.1895, Florida Statutes, is amended to read: 13 220.1895 Rural Job Tax Credit and Urban High-Crime Area Job Tax Credit.—There shall be allowed a credit against the tax imposed by this

chapter amounts approved by the Department of Economic Opportunity pursuant to the Rural Job Tax Credit Program in s. 212.098 and the Urban High-Crime Area Job Tax Credit Program in s. 212.097. A corporation that uses its credit against the tax imposed by this

chapter may not take the credit against the tax imposed by

chapter 212. If any credit granted under this

section is not fully used in the first year for which it becomes available, the unused amount may be carried forward for a period not to exceed years. The carryover may be used in a subsequent year when the tax imposed by this

chapter for such year exceeds the credit for such year under this

section after applying the other credits and unused credit carryovers in the order provided in s. 220.02(8). 28

Section 3. Subsection (4) of

section 288.0655, Florida Florida Senate - 2021 SB 1708 15-01916-21 20211708__ CODING: Words stricken are deletions; words underlined are additions. Statutes, is amended to read: 30 288.0655 Rural Infrastructure Fund.— 31

(4) By September 1, 2021, the department shall, in consultation with the organizations listed in subsection (3), 33 and other organizations, reevaluate existing guidelines and criteria governing submission of applications for funding, 35 review and evaluation of such applications, and approval of funding under this section.

The department shall consider factors including, but not limited to, the project’s potential for enhanced job creation or increased capital investment, the demonstration and level of local public and private commitment, 40 whether the project is located in a community development corporation service area, or in an urban high-crime area as designated under s. 212.097, the unemployment rate of the county in which the project would be located, and the poverty rate of the community. 45

Section 4. This act shall take effect July 1, 2021. 46