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2011 SESSION

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HB 2263 Commercial fisheries; provides for state and local tax, regulatory relief, and preservation thereof.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

State and local tax and regulatory relief for, and preservation of, commercial fisheries.  Provides for tax and regulatory relief for and preservation of commercial fisheries by (i) including waterfront land used for commercial fisheries in property eligible for land preservation income tax credits; (ii) permitting localities to create commercial fisheries zones in which businesses may receive relief from local license taxes, fees, and regulations; (iii) creating as a separate class of property for personal property tax rate purposes property primarily designed for and used by commercial fisheries; and (iv) establishing procedures for creating a covenant to preserve the permanent availability and affordability of real property for commercial fisheries businesses.


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