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2005 SESSION
HB 2811 Income tax, state; distribution to localities based on economic development.
Introduced by: John A. Cosgrove | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Individual income tax; distribution to localities. Requires the distribution of 25 percent of income tax revenues collected from employees of new business enterprises back to the localities in which the enterprises are located. Distributions will continue for 10 years or as long as the business remains in the locality, whichever is less.
FULL TEXT
HISTORY
- 01/18/05 House: Presented & ordered printed 059126276
- 01/18/05 House: Referred to Committee on Finance
- 01/25/05 House: Assigned to Finance sub-committee: #1
- 02/02/05 House: Tabled in Finance (22-Y 0-N)