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2002 SESSION
SB 343 Enterprise zones; creation of technology zone areas.
Introduced by: Frank M. Ruff | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Local enterprise zone program for technology zones. Authorizes the governing body of any county, city, or town to adopt a local enterprise zone development taxation program for any technology zone located within its boundaries, regardless of whether the technology zone has been designated by the Governor as an enterprise zone. The development taxation program shall be adopted by local ordinance. Current provisions for such programs for local enterprise zones shall be applicable to any development taxation program adopted for a technology zone. Under current law, a locality may adopt a local enterprise zone development taxation program for any zone located within its boundaries that is declared by the Governor to be an enterprise zone.
SUMMARY AS PASSED SENATE:
Local enterprise zone program for technology zones. Authorizes the governing body of any county, city, or town to adopt a local enterprise zone development taxation program for any technology zone located within its boundaries, regardless of whether the technology zone has been designated by the Governor as an enterprise zone. The development taxation program shall be adopted by local ordinance. Current provisions for such programs for local enterprise zones shall be applicable to any development taxation program adopted for a technology zone. Under current law, a locality may adopt a local enterprise zone development taxation program for any zone located within its boundaries that is declared by the Governor to be an enterprise zone.
SUMMARY AS INTRODUCED:
Local enterprise zone program for technology zones. Authorizes the governing body of any county, city, or town to adopt a local enterprise zone development taxation program for any technology zone located within its boundaries, regardless of whether the technology zone has been designated by the Governor as an enterprise zone. The development taxation program shall be adopted by local ordinance. Current provisions for such programs for local enterprise zones shall be applicable to any development taxation program adopted for a technology zone. Under current law, a locality may adopt a local enterprise zone development taxation program for any zone located within its boundaries that is declared by the Governor to be an enterprise zone.