HomeMy WebLinkAbout2025-10 - Expressing Support for the CCTCIS
AN EFFECTIVE DATE.
WHEREAS, Section 220.183, Florida Statutes, provides for a Community
Contribution Credit Program ("CCTC Program") to encourage donations to coinin-Linity
development programs in low-income communities by providing contributions with a 50%
credit against any state tax due for a taxable year, and
WHEREAS, any project for which a business seeks a tax credit must be undertaken by
an "eligible sponsor" which includes nonprofit, community -based organizations whose mission
is the provision of housing for low-income or very low-income households; and
WHEREAS, all projects must first be approved by application to the State of Florida
Department of Commerce; and
WHEREAS, the application for any project must include a resolution from the local
government where the proposed project is to be located, certifying that the project is consistent
with local plans and regulations; and
WHEREAS, this resolution shall become effective immediately upon passage and
adoption.
SECTION 1. ARulthLori . The City Commission of the City of Ocoee has the
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authority to adopt this Resolution pursuant to Article V111 of the Constitution of the State of
Florida and Chapter 166, Florida Statutes.
SECTION 2. SuMort. The City Commission hereby expresses its support
for the Community Contribution Tax Credit Program authorized under Florida Statute Section
212.08(5)(p).
SECTION 3. Effective Date. This Resolution shall become effective
immediately upon passage and adoption.
PASSED AND ADOPTED this day of 2025.
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Melanie Sibbitt, City Clerk
(SEAL)
APPROV, D AS TO FORM AND LEGALITY
this day of hV C4 Usj' 20
FISHBACK DOMINICK
By
Richard Geller, City Attorney
Rusty Johnson,lyayor
COMMISSION ON 2025
UNDER AGENDA ITEM NO.