2025 Regular SessionFlorida Legislature

S1264: Rural and Urban Business Enterprises

Legislative Summary

Revising the purpose of the Department of Commerce; deleting the definition of the term "minority business enterprise"; establishing the Research, Innovation, Science, and Engineering (RISE) Investment Tax Credit Program within the Department of Commerce; requiring the department to authorize the Department of Revenue to issue tax credits to a qualifying private fund if certain requirements are met; requiring the department to issue a notice of revocation and recapture to the qualifying private fund and the Department of Revenue, etc.

Demographic Impact

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Bill History

2/25/2025
Filed
Senate
3/3/2025
Referred to Commerce and Tourism; Finance and Tax; Appropriations Committee on Transportation, Tourism, and Economic Development; Rules
Senate
3/4/2025
Introduced
Senate
3/26/2025
On Committee agenda-- Commerce and Tourism, 03/31/25, 1:30 pm, 110 Senate Building
Senate
3/31/2025
CS by Commerce and Tourism; YEAS 7 NAYS 2
Senate
4/2/2025
Pending reference review under Rule 4.7(2) - (Committee Substitute)
Senate
4/2/2025
CS by Commerce and Tourism read 1st time
Senate
4/3/2025
Original reference(s) removed: Finance and Tax
Senate
4/3/2025
Remaining references corrected to Appropriations Committee on Transportation, Tourism, and Economic Development; Rules
Senate
4/3/2025
Now in Appropriations Committee on Transportation, Tourism, and Economic Development
Senate
4/10/2025
On Committee agenda-- Appropriations Committee on Transportation, Tourism, and Economic Development, 04/15/25, 8:30 am, 110 Senate Building
Senate
4/15/2025
CS/CS by Appropriations Committee on Transportation, Tourism, and Economic Development; YEAS 13 NAYS 2
Senate
4/17/2025
Pending reference review under Rule 4.7(2) - (Committee Substitute)
Senate
4/17/2025
Now in Rules
Senate
4/17/2025
On Committee agenda-- Rules, 04/21/25, 2:00 pm, 412 Knott Building --Temporarily Postponed
Senate
4/22/2025
CS/CS by Appropriations Committee on Transportation, Tourism, and Economic Development read 1st time
Senate

Amendments

Senate Committee Amendment #747702

Replaced by Committee Substitute

3/31/2025Not Adopted

Senate Committee Amendment #880508

3/28/2025Not Adopted

Senate Committee Amendment #744484

3/28/2025Not Adopted

Roll Call Votes

Senate Appropriations Committee on Transportation, Tourism, and Economic Development
4/15/2025
13
Yea
2
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate Commerce and Tourism
3/31/2025
7
Yea
2
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Introduced(2/25/2025)
Chamber
Senate
Committee
Rules(Senate)

Sponsors

Republican: 1

Primary Sponsor

Jay Collins
Jay Collins
Republican

Documents

Comm Sub
Bill Text4/17/2025360.7 KB
Comm Sub
Bill Text4/2/2025366.2 KB
Introduced
Bill Text2/25/2025375.5 KB
Veto Letter
Veto Letter4/18/2025287.8 KB
Veto Letter
Veto Letter4/17/2025289.7 KB
Veto Letter
Veto Letter4/14/2025296.5 KB
Veto Letter
Veto Letter4/2/2025275.4 KB
Veto Letter
Veto Letter3/28/2025285.5 KB