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2013 SESSION
SB 1065 Arts and cultural districts, local; tax incentives.
Introduced by: Mark R. Herring | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Local arts and cultural districts; tax incentives. Permits a locality to include the reduction or rebate of real estate property taxes among the tax incentives it makes available in an arts and cultural district established by ordinance. Current law provides for reductions in three other types of taxes or fees as examples of permissible incentives. HB 1586 is identical to this bill.
SUMMARY AS INTRODUCED:
Local arts and cultural districts; tax incentives. Permits a locality to include the reduction or rebate of real estate property taxes among the tax incentives it makes available in an arts and cultural district established by ordinance. Current law provides for reductions in three other types of taxes or fees as examples of permissible incentives.