BILL SUMMARY DETAILS

Florida League of Cities

Economic Programs (Monitor)

CS/CS/HB 5 (Esposito) eliminates Enterprise Florida, Inc. effective December 1, 2023, and transfers all duties and programs to the Department of Economic Opportunity (DEO). The bill authorizes Visit Florida and the Florida Sports Foundation to enter into an agreement with DEO to continue operations. The bill also eliminates several economic development programs. Of note to local governments, HB 5 would have eliminated the Urban High Crime Job Tax Credit Program, professional sports and spring training incentives, Brownfield Redevelopment Bonus Tax Refunds and film and entertainment-related incentives. The repeal of these programs was ultimately removed from the bill. The bill was amended to rename the Department of Economic Opportunity to the Department of Commerce. (Taggart)