288.9962 – Broadband Opportunity Program.
288.9962 Broadband Opportunity Program.— (1) The Broadband Opportunity Program is established within the office to award grants to applicants who seek to expand broadband Internet service to unserved areas of this state. The office must administer and act as fiscal agent for the program and is responsible for receiving and reviewing applications and awarding grants. (2) Subject to […]
288.9963 – Attachment of broadband facilities to municipal electric utility poles.
288.9963 Attachment of broadband facilities to municipal electric utility poles.— (1) The Legislature finds that there is a need for increased availability of broadband Internet access throughout this state, particularly in areas where citizens do not have access to acceptable Internet download and upload speeds, or any access at all. The lack of Internet connectivity and widespread […]
288.9936 – Annual report of the Microfinance Loan Program.
288.9936 Annual report of the Microfinance Loan Program.— (1) The department shall include in the report required by s. 20.60(10) a complete and detailed annual report on the Microfinance Loan Program. The report must include: (a) A comprehensive description of the program, including an evaluation of its application and funding activities, recommendations for change, and identification of any […]
288.9937 – Evaluation of programs.
288.9937 Evaluation of programs.—The Office of Economic and Demographic Research shall analyze, evaluate, and determine the economic benefits, as defined in s. 288.005, of the first 3 years of the Microfinance Loan Program and the Microfinance Guarantee Program. The analysis must also evaluate the number of jobs created, the increase or decrease in personal income, and […]
288.9961 – Promotion of broadband adoption; Florida Office of Broadband.
288.9961 Promotion of broadband adoption; Florida Office of Broadband.— (1) LEGISLATIVE FINDINGS.—The Legislature finds that the sustainable adoption of broadband Internet service is critical to the economic and business development of this state and is essential for all residents of this state, libraries, schools, colleges and universities, health care providers, and community organizations. (2) DEFINITIONS.—As used in this […]
288.9916 – New markets tax credit.
1288.9916 New markets tax credit.— (1) A person or entity that makes a qualified investment earns a vested tax credit pursuant to the New Markets Development Program Act against taxes under s. 220.11 or s. 624.509 equal to 39 percent of the purchase price of the qualified investment. The holder of a qualified investment may claim the […]
288.9917 – Community development entity reporting after a credit allowance date; certification of tax credit amount.
1288.9917 Community development entity reporting after a credit allowance date; certification of tax credit amount.— (1) A qualified community development entity that has issued a qualified investment shall submit the following to the department within 30 days after each credit allowance date: (a) A list of all qualified active low-income community businesses in which a qualified low-income community […]
288.9918 – Annual reporting by a community development entity.
1288.9918 Annual reporting by a community development entity.— (1) A community development entity that has issued a qualified investment shall submit an annual report to the department by January 31 after the end of each year which includes a credit allowance date. The report shall include information on investments made in the preceding calendar year to include […]
288.9919 – Audits and examinations; penalties.
1288.9919 Audits and examinations; penalties.— (1) AUDITS.—A community development entity that issues an investment approved by the department as a qualified investment shall be deemed a recipient of state financial assistance under s. 215.97, the Florida Single Audit Act. However, an entity that makes a qualified investment or receives a qualified low-income community investment is not a […]
288.9920 – Recapture and penalties.
1288.9920 Recapture and penalties.— (1) Notwithstanding s. 95.091, the department shall direct the Department of Revenue, at any time before December 31, 2022, to recapture all or a portion of a tax credit authorized pursuant to the New Markets Development Program Act if one or more of the following occur: (a) The Federal Government recaptures any portion of […]