Enterprise zones; criteria for designation. (HB169)

Introduced By

Sen. John Cosgrove (R-Chesapeake)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

State enterprise zone designations.  Provides that an area for which state enterprise zone designation is sought would be required to meet one of the following: (i) have 25 percent or more of the population with incomes below 80 percent of the median income of the jurisdiction; (ii) have an unemployment rate 1.5 times the state average; or (iii) have a demonstrated floor area vacancy rate of industrial and/or commercial properties of 20 percent or more.

The criteria would replace the current criteria that considers locality-wide need as demonstrated by: (i) the average unemployment rate for the locality over the most recent three-year period; (ii) the average median adjusted gross income for the locality over the most recent three-year period; and (iii) the average percentage of public school students within the locality receiving free or reduced price lunches over the most recent three-year period. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/09/2012Committee
01/09/2012Prefiled and ordered printed; offered 01/11/12 12100693D
01/09/2012Referred to Committee on Appropriations
01/16/2012Assigned App. sub: Economic Development, Agriculture and Natural Resources
01/24/2012Impact statement from DPB (HB169)
02/02/2012Subcommittee recommends laying on the table
02/20/2012Left in Appropriations