Enterprise zone economic incentive grants; increases amount of investment made to be eligible. (HB2332)
Introduced By
Del. Bud Phillips (D-Castlewood)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Enterprise zone economic incentive grants. Increases from $50,000 to $100,000 the minimum amount of investment required to be made in the rehabilitation or expansion of a building in order to be eligible for an enterprise zone incentive grant, and increases from $250,000 to $500,000 the minimum amount of investment required to be made for new construction in order to be eligible for an enterprise zone incentive grant. The bill would provide that any investor making $5 million or less in qualified real property investment in a building would be allowed a maximum of $100,000 in enterprise zone incentive grants within any five-year period for such building (the current maximum is $125,000). The bill would provide that any investor making more than $5 million in qualified real property investment in a building would be allowed a maximum of $200,000 in enterprise zone incentive grants within any five-year period for such building (the current maximum is $250,000). The bill also makes technical changes. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/14/2009 | Committee |
| 01/14/2009 | Prefiled and ordered printed; offered 01/14/09 099808680 |
| 01/14/2009 | Referred to Committee on Commerce and Labor |
| 01/21/2009 | Impact statement from DPB (HB2332) |
| 01/27/2009 | Referred from Commerce and Labor |
| 01/27/2009 | Referred to Committee on Appropriations |
| 01/28/2009 | Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox) |
| 02/05/2009 | Subcommittee recommends reporting with amendment(s) |
| 02/06/2009 | Reported from Appropriations with amendment (23-Y 0-N) (see vote tally) |
| 02/08/2009 | Read first time |
| 02/09/2009 | Read second time |
| 02/09/2009 | Committee amendment agreed to |
| 02/09/2009 | Engrossed by House as amended HB2332E |
| 02/09/2009 | Printed as engrossed 099808680-E |
| 02/10/2009 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 02/10/2009 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
| 02/10/2009 | Reconsideration of passage agreed to by House |
| 02/10/2009 | Passed House BLOCK VOTE (99-Y 0-N) |
| 02/10/2009 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
| 02/11/2009 | Constitutional reading dispensed |
| 02/11/2009 | Referred to Committee on Commerce and Labor |
| 02/16/2009 | Impact statement from DPB (HB2332E) |
| 02/16/2009 | Rereferred from Commerce and Labor (15-Y 0-N) (see vote tally) |
| 02/16/2009 | Rereferred to Finance |
| 02/18/2009 | Reported from Finance with amendments (16-Y 0-N) (see vote tally) |
| 02/19/2009 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
| 02/20/2009 | Read third time |
| 02/20/2009 | Reading of amendments waived |
| 02/20/2009 | Committee amendments agreed to |
| 02/20/2009 | Engrossed by Senate as amended |
| 02/20/2009 | Passed Senate with amendments (40-Y 0-N) (see vote tally) |
| 02/20/2009 | Reconsideration of Senate passage agreed to by Senate (37-Y 3-N) (see vote tally) |
| 02/20/2009 | Passed by for the day |
| 02/23/2009 | Engrossed by Senate as amended |
| 02/23/2009 | Read third time |
| 02/23/2009 | Passed Senate with amendments (40-Y 0-N) (see vote tally) |
| 02/24/2009 | Placed on Calendar |
| 02/25/2009 | Senate amendments agreed to by House (99-Y 0-N) |
| 02/25/2009 | VOTE: --- ADOPTION (99-Y 0-N) (see vote tally) |
| 03/04/2009 | Enrolled |
| 03/04/2009 | Bill text as passed House and Senate (HB2332ER) |
| 03/05/2009 | Signed by President |
| 03/06/2009 | Signed by Speaker |
| 03/12/2009 | Impact statement from DPB (HB2332ER) |
| 03/27/2009 | G Approved by Governor-Chapter 207 (effective 7/1/09) |
| 03/27/2009 | G Acts of Assembly Chapter text (CHAP0207) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 40 seconds.