Enterprise zone economic incentive grants; eligibility therefor. (SB1165)
Introduced By
Sen. John Watkins (R-Midlothian)
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 |
---|---|
01/13/2009 | Prefiled and ordered printed; offered 01/14/09 094460812 |
01/13/2009 | Referred to Committee on Commerce and Labor |
01/19/2009 | Rereferred from Commerce and Labor (9-Y 0-N) (see vote tally) |
01/19/2009 | Rereferred to Finance |
01/20/2009 | Impact statement from DPB (SB1165) |
02/04/2009 | Reported from Finance with amendments (16-Y 0-N) (see vote tally) |
02/05/2009 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/06/2009 | Read second time |
02/06/2009 | Reading of amendments waived |
02/06/2009 | Committee amendments agreed to |
02/06/2009 | Engrossed by Senate as amended SB1165E |
02/06/2009 | Printed as engrossed 094460812-E |
02/09/2009 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/13/2009 | Placed on Calendar |
02/13/2009 | Read first time |
02/13/2009 | Referred to Committee on Appropriations |
02/16/2009 | Assigned App. sub: Economic Development, Agriculture and Natural Resources(Cox) |
02/17/2009 | Impact statement from DPB (SB1165E) |
02/19/2009 | Subcommittee recommends reporting |
02/23/2009 | Reported from Appropriations (24-Y 0-N) (see vote tally) |
02/24/2009 | Read second time |
02/25/2009 | Read third time |
02/25/2009 | Passed House BLOCK VOTE (100-Y 0-N) |
02/25/2009 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
03/04/2009 | Enrolled |
03/04/2009 | Bill text as passed Senate and House (SB1165ER) |
03/05/2009 | Signed by President |
03/06/2009 | Signed by Speaker |
03/12/2009 | Impact statement from DPB (SB1165ER) |
03/27/2009 | G Approved by Governor-Chapter 271 (effective 7/1/09) |
03/27/2009 | G Acts of Assembly Chapter text (CHAP0271) |