In the Spotlight: 2009 Legislative Session Update: Determining future path of workforce education and manufacturing in Florida
With the close of the extended 2009 Regular Session of the Florida Legislature about to take place, several issues important to workforce education and manufacturing have been secured. This session was dominated by the state of the economy and the federal stimulus package. The one remaining task that will still profoundly affect us – the governor’s review and approval of the budget– is still in the works. Against that backdrop, outlined below are highlights of some issues that the Manufacturers Association of Florida and Florida Association of Community Colleges have been tracking and the subsequent outcomes.
· HB 127 – Enterprise Zones, Authorizes City of Ocala to apply to OTTED for designation of enterprise zone; provides application deadline; provides requirements for area of enterprise zone; requires OTTED to establish effective date of enterprise zone.
· HB 485 – Fast Track Economic Stimulus for Small Businesses, Provides tax credit for new market development. This economic stimulus bill for small businesses revises New Markets Development Program tax credit; providing for a tax credit for making certain qualified equity investments.
· HB 521 – Ad Valorem Tax Assessment Challenges that lowers the burden of proof in property tax challenges