SJR 47 Authorizes the creation of tax free zones
Sponsor: Wilson Co-Sponsor(s)
LR Number: 3121S.02I Fiscal Note:
Committee: Ways & Means
Last Action: 2/25/2008 - Second Read and Referred S Ways & Means Committee Journal Page: S355
Title: Calendar Position:
Effective Date: Upon voter approval

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Current Bill Summary

SJR 47 - This proposed constitutional amendment, if approved by voters, would allow for the creation of discrete tax free or reduced tax geographic zones for the purpose of promoting economic development in such zones. No such zone may maintain tax favored status for a term longer than twenty-three years.