The Florida Legislature's Appropriations Committee on Transportation, Tourism, and Economic Development convened on April 15, 2025, to discuss key legislative measures aimed at bolstering the state's economy. Among the highlights was Senate Bill 1264, presented by Senator Collins, which seeks to enhance Florida's economic landscape through a multifaceted approach.

Senator Collins emphasized that SB 1264 is designed to strengthen Florida's economy while also improving public safety. The bill introduces several initiatives, including the Secure Florida program, which focuses on job creation, crime reduction, and property protection. A significant aspect of the bill is the law enforcement recruitment bonus (LERB), which proposes extending the transition period for new recruits from 15 days to 180 days. This change aims to alleviate financial burdens on law enforcement officers who might otherwise have to repay bonuses during longer transitions.

Additionally, the bill includes the RISE venture capital tax credit, which is intended to stimulate private investment in Florida. This initiative is projected to generate economic growth and create jobs without imposing upfront costs on taxpayers, targeting a minimum return on investment of four to one through tax credits.

Another critical component of SB 1264 is the extension of the data center tax exemption, which is currently set to expire. Senator Collins noted that large hyper-scale data centers require significant time to establish their market presence, making the indefinite extension essential for attracting these businesses to Florida.

As the committee continues to review the bill, its potential impact on job creation and economic development in Florida remains a focal point of discussion. The meeting underscored the legislature's commitment to fostering a robust economic environment while addressing public safety and innovation.