FLC Icon

Bill Summary Details

Economic Development (Support)

HB 779 (Roach) and CS/CS/SB 922 (Gruters) amend current law to extend special economic development to qualified businesses located in a county affected by Hurricane Michael. The bills authorize the Department of Economic Opportunity to waive certain wage or financial support eligibility requirements for certain businesses expanding its existing operations or relocating to a county affected by Hurricane Michael and increases the maximum tax refund payment from $6,000 to $10,000 multiplied per job specified in the tax refund agreement. (Cook)