Fla. Panel Passes Tax Incentive To Retain Defense Work

Law360, Miami (February 4, 2014, 8:56 PM EST) -- A bill that would create a tax incentive for defense contractors to award subcontracts to Florida small businesses passed its first vote Tuesday in the state House of Representatives, at a time when the government's planned military drawdown is expected to make the industry more competitive.

The Florida House Economic Development and Tourism Subcommittee approved H.B. 155 in a 9-2 vote, with two members absent or not voting. The bill would establish the Defense Works In Florida Incentive, which allows a contractor that has been awarded...
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