Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

The Legislature Has Several Options Available for Enhancing Rural Enterprise Zones

Report 05-54, November 2005

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Report Summary

The use of state incentives in rural enterprise zones has substantially increased during the past decade. However, the use of incentives awarded varies widely among these enterprise zones. The Legislature may wish to consider several options that could encourage more businesses to take advantage of incentives in rural zones.

  • Reduce the minimum dollar threshold for the sales tax refund on business machinery and equipment from $5,000 to a lower amount, such as $500.
  • Provide rural enterprise zones with financial assistance for administration and marketing.
  • Allow companies in rural enterprise zones to transfer tax credits to other companies.
  • Replace tax credit incentives with tax refunds.

Each option has benefits and drawbacks that the Legislature should carefully weigh.

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Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
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