Florida Legislation Would Revive Enterprise Zones Act and Link it to OZ Incentive

Thursday, January 24, 2019 - 11:30am

Legislation introduced in the Florida Legislature this week revives and renames the expired Florida Enterprise Zones Act as the Florida Opportunity Act and links it to the federal opportunity zones (OZ) incentive. HB 481 would change the name of the Florida Enterprise Act, which expired at the end of 2015, and would change the definition of the zones to match federal qualified OZs. The legislation would require projects to indicate how federal and state OZ incentives and resources will be used while applying for the jobs, sales tax and property tax credits and other incentives.