SB 624 - Shoemyer, Wes
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
Bill Details
Sponsor
LR Number
3293S.01I
Title
SB 624
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2010
Committee
Current Status
Hearing Conducted S Ways and Means Committee
Quick Links
Amendments
No amendments available
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