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Key Votes

HB 7087 - Increases Certain Business Tax Credits and Sales Tax Exemptions - Florida Key Vote

Timeline

Issues Related to HB 7087

Stage Details

Legislation - Signed (Executive) -

Title: Increases Certain Business Tax Credits and Sales Tax Exemptions

Legislation - Concurrence Vote Passed (House) (117-1) -
Legislation - Bill Passed With Amendment (Senate) (40-0) -
Legislation - Bill Passed (House) (92-22) - (Key vote)
See How Your Politicians Voted

Title: Increases Certain Business Tax Credits and Sales Tax Exemptions

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that increases business income tax credits and sales tax exemptions, effective July 1, 2012.

Highlights:
  • 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) -

Title: Increases Certain Business Tax Credits and Sales Tax Exemptions

Sponsors

  • Ben Albritton (FL - R) (Out Of Office)
  • Steve Crisafulli (FL - R) (Out Of Office)
  • James William 'J.W.' Grant (FL - R) (Out Of Office)
  • Stephen L. Precourt (FL - R) (Out Of Office)
  • Kenneth L. 'Ken' Roberson (FL - R) (Out Of Office)
  • Jimmie T. Smith (FL - R) (Out Of Office)
  • Ritch Workman (FL - R) (Out Of Office)

Co-sponsors

  • Joseph Abruzzo (FL - D) (Out Of Office)
  • Dennis K. Baxley (FL - R) (Out Of Office)
  • 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) (Out Of Office)
  • Dorothy L. Hukill (FL - R) (Out Of Office)
  • Clay Ingram (FL - R) (Out Of Office)
  • Scott Plakon (FL - R) (Out Of Office)
  • Greg W. Steube (FL - R) (Out Of Office)
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