SB 814 Decreases acreage requirements for eligibility under the Distressed Areas Land Assemblage Tax Credit Act
Sponsor: Wilson
LR Number: 3597S.01I Fiscal Note: 3597-01
Committee: Economic Development, Tourism & Local Government
Last Action: 1/30/2008 - Hearing Conducted S Economic Development, Tourism & Local Government Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2008

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Current Bill Summary

SB 814 - This act modifies the distressed areas land assemblage tax credit program definition of the term "eligible project area", by decreasing the size requirement for the area from seventy-five acres to forty acres. The requirement that eligible parcels acquired by the applicant within the eligible project area total at least fifty acres has been reduced to at least thirty acres.