S1540 — Workforce Retention

Senate Bill 1540, the Florida Jobs Retention Act of 2024, died in committee on March 8, 2024, without passage.

The bill would have required employers intending to relocate out of state or cease operation to notify the Department of Business and Professional Regulation within a specified timeframe. Employers meeting relocation or cessation criteria would have been made ineligible for state grants, loans, or tax benefits for a specified period. The bill would have also directed state agency heads to ensure certain services are performed by state contractors within the state.

The bill applied to employers generally, including those doing business in Florida, with provisions affecting state agency contracting practices.

The bill died in the Appropriations Committee on Agriculture, Environment, and General Government on March 8, 2024, and did not become law.