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LRBa1072/1
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2019 - 2020 LEGISLATURE
SENATE AMENDMENT 5,
TO SENATE BILL 440
February 5, 2020 - Offered by Senators Larson, Smith and Risser.
SB440-SA5,1,11 At the locations indicated, amend the bill as follows:
SB440-SA5,1,2 21. Page 3, line 22: after “1400Z-1" insert “and is not listed under s. 234.655".
SB440-SA5,1,3 32. Page 6, line 3: after that line insert:
SB440-SA5,1,4 4 Section 7m. 234.655 of the statutes is created to read:
SB440-SA5,2,2 5234.655 Review of opportunity zones. Biennially, beginning on January
61, 2021, the authority shall create a list of any qualified opportunity zones, as
7designated under 26 USC 1400Z-1, in this state that the authority determines are
8ineligible for purposes of the tax benefits under ss. 71.05 (25m), 71.26 (3) (vm), 71.34
9(1k) (p), and 71.45 (2) (a) 21. because the economic conditions in the zone have
10improved so that the tax benefits do not encourage economic development within the
11zone. The authority shall provide the list to the department of revenue and shall
12prominently display the list on the authority's Internet site. The authority shall

1include the list and an explanation of the authority's determination for each listed
2zone with the report required under s. 234.255.”.
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