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2000 SESSION

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HB 1057 Enterprise zone act.

Introduced by: Joseph P. Johnson, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Enterprise zone act. Authorizes the establishment of one noncontiguous zone area for a joint enterprise zone formed between any county with a population between 45,800 and 45,900 and any county with a population between 32,300 and 32,400 (with the population of each county being determined as reported in the 1990 census). Currently, a locality may have three distinct enterprise zones, though one of these zones may consist of two non-contiguous "sub-zone" areas. This bill will allow an enterprise zone that is a joint zone, and which meets the population criteria, to have separate sub-zones for each of the participating jurisdictions. The noncontiguous zone areas are not considered as separate zones in calculating the maximum number of zones permitted under the enterprise zone program. SB 281 and HB 778 authorize the establishment of one noncontiguous zone for joint enterprise zones formed between any localities regardless of population. SB 374 increases the number of enterprise zones the Governor may approve from 55 to 60, with such zones to be located in localities that have annual average unemployment rates for the most recent calendar year that are 50 percent higher than the final statewide average unemployment rate for the most recent calendar year.


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