Bill Summary

SB 1322 Tax Credits for Investment in Rural Communities (2025 Session)
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Sponsors
by Simon Co Sponsors: Yarborough CS Sponsors: Commerce and Tourism
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Summary
Tax Credits for Investment in Rural Communities; Creating the “Florida Rural Jobs Act”; requiring the Department of Commerce to accept applications for approval as rural funds in a specified manner; requiring the department to distribute revoked investment authority among certain rural funds; granting a credit against state tax liability for specified investors; providing restrictions on the credit, etc. Effective Date: 7/1/2025
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committees of reference
   S Commerce and Tourism
» S Finance and Tax
   S Appropriations
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Actions
02/26/25
SENATE
Filed
03/06/25
SENATE
Referred to Commerce and Tourism; Finance and Tax; Appropriations
03/26/25
SENATE
On Committee agenda - Commerce and Tourism, 03/31/25, 1:30 pm, 110 S
03/31/25
SENATE
Favorable with CS by Commerce and Tourism; 9 Yeas, 0 Nays
04/01/25
SENATE
Committee Substitute Text (C1) Filed
04/01/25
SENATE
Now in Finance and Tax
04/02/25
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Bill to be Discussed During the Office of EDR's Revenue Estimating Impact Conference, 04/04/25, 9:00 am, 117 K (No Votes Will Be Taken)
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bill text & filed amendments
1322
Filed on 02/26/25
PDF
Amendment 840450 DE
Simon
Filed on 03/28/25
Replaced by CS
PDF
1322C1
Filed on 04/01/25
PDF
No amendments to this bill text filed.
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Statute Citations
288.062
Research & Reports
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