Florida Legislation Would Renew Tax Incentives, Apply Them to Opportunity Zones

Thursday, January 16, 2020 - 10:30am

Legislation was introduced in both houses of the Florida legislature to revive and rename the Florida Enterprise Act–which expired Dec. 31, 2015– and apply its provisions to federal opportunity zones (OZs). H.B. 1429 and S. 1612 would create a series of tax credits for development in OZs and would require each county or municipality to create an OZ development agency to encourage and report on development in OZs.