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2004 SESSION

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SB 482 Agricultural Enterprise Zone Act; created.

Introduced by: Mark D. Obenshain | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Agricultural Enterprise Zone Act. Allows the Governor to establish agricultural enterprise zones upon application by localities with established agricultural or forestal districts, or purchase of development rights programs. "Qualified farm businesses" located in such zones may apply to the Department of Agriculture and Consumer Services for certain state business tax credits and sales tax exemptions. "Qualified farm businesses" are businesses establishing agricultural or forestal operations and making a net investment of at least $250,000 and creating at least five new full-time jobs, or such operations already established if they have increased the number of full-time employees by at least 10 percent over the preceding two years.


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