Buyers and sellers of Southwest Florida real estate are applauding a plan to scale back a federal flood insurance law that critics said has caused premiums to soar for thousands of area homeowners. If left unchecked, those increases threatened to undermine the real estate recovery throughout Florida, experts said. More from the Sarasota Herald-Tribune and the South Florida Sun-Sentinel.
Paul Quin plays about 10 gigs a year. Drumming, he says, keeps him sane: "It isn't a want. It really is a need." [Photo: Alex McKnight]
Paul Quin was a professional drummer long before he became an attorney. “Drumming keeps me sane,” says Quin, a partner at Tampa’s Saxon, Gilmore, Carraway & Gibbons, who typically plays about 10 shows a year. Access the full story here.
Currently, state law exempts a company’s first $50,000 in income from paying the 5.5 percent corporate income tax. The bill, SB 134, would increase that exemption to $75,000. Read more at the Naples Daily News and see our Legislative Roundup below:
» Bill limits legal exposure for nursing homes
» Florida legislature joins southern push for marijuana reform
» Fla. Senate panel OKs juvenile sentencing bill
» Lawmakers face new scrutiny over living in right district
» House, Senate Grapple With Who Should Practice And How To Regulate Telemedicine
The influence of the SAT, formerly known as the Scholastic Aptitude Test, has been on the wane for years. Hundreds of colleges no longer require it for admissions decisions and the competing ACT exam has become the favored choice of today’s students. So SAT test-makers have gone back to the blackboard. [Source: Miami Herald]
As she has with many other commodities this winter, Mother Nature has thrown a wrench in the Florida and Mexico tomato deals. Movement has been affected by adverse weather since shortly after Thanksgiving, said Tony DiMare, vice president of Homestead, Fla.-based DiMare Co. [Source: The Packer]
ALSO AROUND FLORIDA:
› Sarasota attracts more international pentathlon events [Sarasota Herald-Tribune]
The three Modern Pentathlon world cups and an Olympic qualifying coming to Southwest Florida over the next three years are just the start of championship events that the region is expected to host, international pentathlon officials confirmed.
› Florida joins lawsuit related to Deepwater Horizon oil spill [Tampa Bay Times]
The Florida Department of Environmental Protection, at the direction of Gov. Rick Scott, has joined a multi-state federal lawsuit currently pending in the Eastern District of Louisiana involving the Deepwater Horizon oil spill.
› Miami to Spend $11.5 Million for New Movie and TV Studio Complex [Hollywood Reporter]
Miami’s Omni Community Redevelopment Agency on Wednesday gave final approval on a plan to provide up to $11.5 million for construction of a full-service movie and TV studio complex to be built and run by EUE Screen Gems.
» Related: Florida film incentives help many, supporters say
› Tampa airport wins $194 million in state funds [AP]
Gov. Rick Scott said Wednesday that the state will give Tampa International Airport $194 million to help pay for the largest expansion since the facility's opening in 1971.
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› Greencore wants new tax incentives to help it exceed new-job projections [Florida Times-Union]
A growing employer on Jacksonville’s Northside expects to exceed the new-job projections it made in January and is asking for more tax incentives from the city.
› Merchants challenging Florida's law against credit card swipe fees [Tallahassee Democrat]
Two law firms filed constitutional challenges in Florida, Texas and California on behalf of merchants seeking to overturn the states' law prohibiting credit card swipe fees.
› A look at SunRail Phase 2 by the numbers [Orlando Business Journal]
SunRail trains are set to begin shuttling passengers from Volusia County to Seminole County and Orange County in just two months — and now Osceola County is a step closer to the action.
› What Are Business Schools Like at Universities With the Best Sports Fans? [Business Administration Information]
Business school students have a lot to consider before choosing the right school – cost, quality of the faculty, course topics, facilities, the school’s reputation. How about the fanaticism of the sports fans?