SB 426 - Wasson, Jay
Modifies property tax exemptions for property located in enhanced enterprise zones
Bill Details
Sponsor
LR Number
1714S.03C
Title
SCS SB 426
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2017
Committee
Current Status
Informal Calendar S Bills for Perfection--SB 426-Wasson, with SCS
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
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