SB 682 - Wilson, Yvonne
Decreases acreage requirements for eligibility under the Distressed Areas Land Assemblage Tax Credit Act
Bill Details
Sponsor
LR Number
3452S.01I
Title
SB 682
House Handler
N/A
Journal Page
Effective Date
August 28, 2010
Current Status
Second Read and Referred S Governmental Accountability and Fiscal Oversight Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 682 - 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.
This act is identical to Senate Bill 75 (2009) and Senate Bill 814 (2008).
JASON ZAMKUS