St. Petersburg Times Online: News of Florida
TampaBay.com
Place an Ad Calendars Classified Forums Sports Weather
  • 2 houses finally agree on new financial officer
  • Frustration extends to another family agency
  • Senate approves corporate tax break
  • Health care bill goes to governor
  • Court okays state legislative districts map

  • Steve Bousquet
  • A career in dark, brought to light

  • From the state wire

  • Hurricane Jeanne appears on track to hit Florida's east coast
  • Rumor mill working overtime after Florida hurricanes
  • Developments associated with Hurricanes Ivan and Jeanne
  • Four killed in Panhandle plane crash were on Ivan charity mission
  • Hurricane Frances caused estimated $4.4 billion in insured damage
  • Disabled want more handicapped-accessible voting machines
  • USF forces administrators to resign over test score changes
  • Man's death at Universal Studios ruled accidental
  • State child welfare workers in Miami fail to do background checks
  • Hurricane Jeanne heads toward southeast U.S. coast
  • Hurricane Jeanne spurs more anxiety for storm-weary Floridians
  • Mistrial declared in case where teen was target of racial "joke"
  • Panhandle utility wants sewer plant moved to higher ground
  • State employee arrested on theft, bribery charges
  • Homestead house fire kills four children, one adult
  • Pierson leader tries to cut off relief to local fern cutters
  • Florida's high court rules Terri's law unconstitutional
  • Jacksonville students punished for putting stripper pole in dorm
  • FEMA handling nearly 600,000 applications for help
  • Man who killed wife, niece, self also killed mother in 1971
  • Producer sues city over lead ball fired by Miami police
  • Tourism suffers across Florida after pummeling by hurricanes
  • Key dates in the life of Terri Schiavo
  • An excerpt from the unanimous ruling in the Schiavo case
  • Four confirmed dead after small plane crash in Panhandle
  • Correction: Disney-Cruise Line story
  • tampabay.com

    printer version

    Senate approves corporate tax break

    By ALISA ULFERTS, Times Staff Writer
    © St. Petersburg Times
    published May 4, 2002

    TALLAHASSEE -- The Florida Senate passed a controversial corporate tax break Friday, paving the way for final negotiations on the state's $49-billion budget.

    After voting on the $262-million tax break, the Senate approved its budget and ordered a negotiating team to iron out differences between that plan and one approved Thursday by the House.

    The corporate tax break was a key element in a budget deal Gov. Jeb Bush worked out between the House and the Senate.

    The Senate passed the corporate tax break 22-18; 21 Republicans and one Democrat voted yes.

    "People are going to make investments that they wouldn't have made, and we're going to recover the sales tax from it," said Sen. Daniel Webster, R-Winter Garden. "It's an incentive to purchase things that you wouldn't otherwise have purchased."

    Four Republicans and 14 Democrats voted no, saying the money corporations would save was needed to pay for schools and health care.

    "We have 40 kids in a classroom who can't get the attention of their teacher," said Sen. Kendrick Meek, D-Miami, a leader of a citizens' initiative to require smaller classes.

    The tax break is expected to clear the House easily.

    Lawmakers from both houses now must agree on which pet projects to fund in the budget, as well as whether to give extra money to some universities, including the University of South Florida, where funding has historically lagged behind larger universities.

    The joint House and Senate conference committees also must decide whether to fund a current list of local road projects or let the Department of Transportation pick different road projects and whether to privatize the state's human resources functions, among other items.

    -- Times staff writer Steve Bousquet contributed to this report.

    Back to State news
    Back to Top

    © 2006 • All Rights Reserved • Tampa Bay Times
    490 First Avenue South • St. Petersburg, FL 33701 • 727-893-8111
     
    Special Links
    Lucy Morgan


    From the Times state desk