Key Votes
HB 7087 - Increases Certain Business Tax Credits and Sales Tax Exemptions - Key Vote
Florida Key Votes
Rick Scott signed this legislation.
Read recent statements Rick Scott made in this general time period.
Stages
- March 28, 2012 Executive Signed
- March 9, 2012 House Concurrence Vote Passed
- March 9, 2012 Senate Bill Passed
- Feb. 15, 2012 House Bill Passed
- Feb. 2, 2012 Introduced
Family
Issues
Stage Details
Legislation - Signed (Executive) - March 28, 2012
Title: Increases Certain Business Tax Credits and Sales Tax Exemptions
Legislation - Concurrence Vote Passed (House) (117-1) - March 9, 2012
Legislation - Bill Passed (Senate) (40-0) - March 9, 2012
Legislation - Bill Passed (House) (92-22) - Feb. 15, 2012 (Key vote)
Title: Increases Certain Business Tax Credits and Sales Tax Exemptions
Vote to pass a bill that increases business income tax credits and sales tax exemptions, effective July 1, 2012.
- Increases the amount of net business income that is exempt from taxes from $25,000 to $50,000, provided that the business certifies to the Department of Revenue that none of the business' employees are members of a labor organization (Sec. 6).
- Increases the maximum amount of funds that the Department of Revenue may spend on business tax credits from $97.5 million to $195 million for a single program, and from $20 million to $40 million in a single fiscal year (Sec. 9).
- Exempts electricity used directly or indirectly in a packinghouse from sales taxes (Sec. 3).
- Defines “packinghouse” as any building where fruits and vegetables are packed or prepared for market sale (Sec. 3).
- Specifies that this bill does not apply to electricity used in buildings where agricultural products are sold at retail (Sec. 3).
- Expands the tax exemption for aircraft repair and maintenance charges to include the repair and maintenance of aircraft weighing more than 2,000 pounds, whereas existing law limits the tax exemption to the repair and maintenance of aircraft weighing more than 15,000 pounds (Sec. 3).
- Exempts items used in the manufacture of aircraft and gas turbine engines from the sales tax (Sec. 3).
- Requires film production companies that are eligible for the film tax credit to fulfill 1 of the following criteria (Sec. 8):
- The company spent at least 50 percent of total principal photography shooting days within the state; or
- The company spent at least $10 million on qualified production expenditures within the state.
Legislation - Introduced (House) - Feb. 2, 2012
Title: Increases Certain Business Tax Credits and Sales Tax Exemptions
Sponsors
- Ben Albritton (FL - R)
- Steve Crisafulli (FL - R)
- James William 'J.W.' Grant (FL - R)
- Stephen L. Precourt (FL - R)
- Kenneth L. 'Ken' Roberson (FL - R)
- Jimmie T. Smith (FL - R)
- Ritch Workman (FL - R)
Co-sponsors
- Joseph Abruzzo (FL - D) (Out Of Office)
- Dennis K. Baxley (FL - R)
- Jeffrey Paul 'Jeff' Brandes (FL - R) (Out Of Office)
- Rachel V. Burgin (FL - R) (Out Of Office)
- Christopher E. 'Chris' Dorworth (FL - R) (Out Of Office)
- Shawn Harrison (FL - R) (Out Of Office)
- Doug Holder (FL - R)
- Dorothy L. Hukill (FL - R) (Out Of Office)
- Clay Ingram (FL - R)
- Scott Plakon (FL - R) (Out Of Office)
- Greg W. Steube (FL - R)
