CS/SB 1322: Tax Credits for Investment in Rural Communities

GENERAL BILL by Commerce and Tourism, Simon; (CO-INTRODUCERS) Yarborough

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.

Current Bill Version Posted: 4/1/2025 04:15 PM

• Senate Committee References (3)

  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)

• Related Bills (3)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 1324 by Simon Fees/Equity Investment Certified as a Capital Investment Last Action: 3/12/2025 S Withdrawn from further consideration	Linked
  H 837 by Tuck Tax Credits for Investment in Rural Communities Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration	Similar
  S 7034 by Finance and Tax Taxation Last Action: 5/3/2025 S Indefinitely postponed and withdrawn from consideration	Compare

• Citations - Statute (1)

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  288.062

  Page 3 [pdf]

• Bill History

  S = Senate, H = House

  2/26/2025	S	• Filed
  3/6/2025	S	• Referred to Commerce and Tourism; Finance and Tax; Appropriations
  3/10/2025	S	• Introduced
  3/26/2025	S	• On Committee agenda-- Commerce and Tourism, 03/31/25, 1:30 pm, 110 Senate Building
  3/31/2025	S	• CS by Commerce and Tourism; YEAS 9 NAYS 0
  4/1/2025	S	• Pending reference review under Rule 4.7(2) - (Committee Substitute) • Now in Finance and Tax
  4/2/2025	S	• CS by Commerce and Tourism read 1st time
  5/3/2025	S	• Indefinitely postponed and withdrawn from consideration