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1997 SESSION

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HB 2372 Enterprise zone; qualified business firm eligibility.

Introduced by: I. Vincent Behm, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Enterprise zone; qualified business firm eligibility. Reduces from 40 percent to 25 percent, the percentage of employees who must have incomes below 80 percent of the median income for the jurisdiction in which the business is located or are residents of the enterprise zone, in order to be designated as a "qualified business firm." The bill also broadens the residence requirement to allow employees living in any enterprise zone to be counted in determining employer qualifications.


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