Enterprise zone real property; investment grants. (HB1726)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Enterprise zone real property investment grants. Allows investments in buildings that incorporate residential and commercial or industrial uses to qualify for an enterprise zone real property investment grant with regard to the portion of the investment associated with the exclusive commercial space, which is the area within the peripheral walls and ceiling of any portion of the building that is used for a commercial or industrial use. Currently, expenditures incurred with respect to all of a building with both residential uses and commercial or industrial uses may constitute a qualified real property investment only if at least 30 percent of the usable floor space will be devoted to commercial or industrial use. This measure provides that where less than 30 percent of the building's space will be devoted to commercial or industrial use, expenditures associated with the exclusive commercial space may nonetheless qualify for a grant under the enterprise zone program. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 01/12/2015 | Committee |
| 01/12/2015 | Prefiled and ordered printed; offered 01/14/15 15103202D |
| 01/12/2015 | Referred to Committee on Appropriations |
| 01/21/2015 | Assigned App. sub: Agriculture, Commerce, Technology and Natural Resources |
| 01/27/2015 | Impact statement from DPB (HB1726) |
| 01/28/2015 | Subcommittee recommends laying on the table |
| 02/10/2015 | Left in Appropriations |