SB 624 Allows certain contributions to downtown revitalization preservation development projects to be substituted on a dollar-for-dollar basis for the local match in lieu of taxes and economic activity taxes
Sponsor: Shoemyer
LR Number: 3293S.01I Fiscal Note: 3293-01N.ORG
Committee: Ways and Means
Last Action: 2/8/2010 - Hearing Conducted S Ways and Means Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2010

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Current Bill Summary


SB 624 - This act allows contributions to a downtown revitalization preservation development project from any private not-for-profit organization or local contributions from tax abatement or other sources to be substituted on a dollar-for-dollar basis for the local match of 100% of economic activity taxes from the development's fund.

This act is similar to Senate Bill 479 (2009) and House Bill 746 (2009).

JASON ZAMKUS