Bill Text | History of Actions | Background | Title |
Description: Delta Revitalization Zone; create and establish economic incentives.
Bill Text: [Introduced]
| 1 | 01/15 (H) Referred To Ways and Means | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committee:
Principal Author: McCoy
Additional Authors: Burnett, Hines, Mayo, Perkins
Title: AN ACT TO CREATE AN ECONOMIC INCENTIVE ZONE TO BE KNOWN AS THE "DELTA REVITALIZATION ZONE"; TO CREATE THE DELTA REVITALIZATION ZONE AUTHORITY, WHICH SHALL BE THE GOVERNING BODY RESPONSIBLE FOR THE ADMINISTRATION OF INCENTIVES AND PROGRAMS AVAILABLE UNDER THE DELTA REVITALIZATION ZONE (DRZ); TO PRESCRIBE THE DUTIES OF THE DRZ AUTHORITY AND SPECIFIC INCENTIVES TO BE IMPLEMENTED; TO ESTABLISH A SALES TAX CREDIT FOR PURCHASES OF BUILDING MATERIALS USED TO REHABILITATE BUSINESS PROPERTY IN THE DRZ; TO ESTABLISH SALES TAX CREDIT FOR WAGES PAID BY BUSINESSES TO NEW EMPLOYEES; TO ESTABLISH VARIOUS INCOME TAX CREDITS AVAILABLE TO BUSINESSES IN THE DRZ; TO PROVIDE THAT THE LEGISLATURE SHALL APPROPRIATE AN ADDITIONAL FIVE PERCENT OF STATE WORKFORCE DEVELOPMENT FUNDS TO THE DRZ EACH YEAR; TO ESTABLISH QUALIFICATIONS FOR BUSINESSES, PUBLIC SCHOOLS AND INDIVIDUALS SEEKING TO UTILIZE THE INCENTIVES AVAILABLE IN THE DRZ; AND FOR RELATED PURPOSES.
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2007/html/History/HB/HB1489.htm