Enterprise Zone Grant Program; lowers threshold for qualified real property investments. (HB658)
Introduced By
Del. Ward Armstrong (D-Martinsville)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Enterprise Zone Grant Program; threshold for real property investment grants. Lowers the threshold for qualified real property investments under the Enterprise Zone Grant Program for distressed localities from $100,000 to $50,000 for the rehabilitation or expansion of a single building and from $500,000 to $250,000 for new construction of a single building. Under the bill, distressed locality is defined as any locality with an annual average unemployment rate that is one and one half times or more the state average unemployment rate. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/12/2010 | Committee |
| 01/12/2010 | Prefiled and ordered printed; offered 01/13/10 10103720D |
| 01/12/2010 | Referred to Committee on Appropriations |
| 01/19/2010 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
| 02/02/2010 | Impact statement from DPB (HB658) |
| 02/04/2010 | Subcommittee recommends no action |
| 02/11/2010 | Subcommittee recommends no action |
| 02/16/2010 | Left in Appropriations |