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SCS/SB 426 - Currently, property tax exemptions for property located in an enhanced enterprise zone may not be granted for a period longer than twenty-five years from the date on which the enhanced enterprise zone was created. This act removes the language that limits the exemption to the date on which the zone is created. This act also requires that no exemption be granted during the final ten years of an enhanced enterprise zone for a period longer than ten years. This act is identical to a provision contained in CCS/HCS/SB 111 (2017) and CCS/HCS/SB 302 (2017). JOSHUA NORBERG
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