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2010 SESSION

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HB 658 Enterprise Zone Grant Program; lowers threshold for qualified real property investments.

Introduced by: Ward L. Armstrong | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Enterprise Zone Grant Program; threshold for real property investment grants. Lowers the threshold for qualified real property investments under the Enterprise Zone Grant Program for distressed localities from $100,000 to $50,000 for the rehabilitation or expansion of a single building and from $500,000 to $250,000 for new construction of a single building. Under the bill, distressed locality is defined as any locality with an annual average unemployment rate that is one and one half times or more the state average unemployment rate.

FULL TEXT

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10103720D  pdf | impact statement

HISTORY

• 01/12/10  House: Prefiled and ordered printed; offered 01/13/10 10103720D
• 01/12/10  House: Referred to Committee on Appropriations
• 01/19/10  House: Assigned App. sub: Economic Development, Agriculture and Natural Resources
• 02/04/10  House: Subcommittee recommends no action by voice vote
• 02/11/10  House: Subcommittee recommends no action by voice vote
• 02/16/10  House: Left in Appropriations