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2001 SESSION

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SB 1073 Enterprise Zone Act; creation of zones.

Introduced by: W. Henry Maxwell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Enterprise Zone Act; creation of zones and real property investment tax credit limit. Requires the designation of any new enterprise zones on or after July 1, 2001, other than certain areas that are to be designated based on unemployment, to be in urban areas with revitalization needs. The bill also increases the cap on the real property investment tax credit from $125,000 to $250,000.


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