2000 Regular Session

SENATE BILL 86

CHAPTER NUMBER: 501 File Code: Taxes - Miscellaneous Prior Year Introduction As: SB 651/99 - B&T Crossfiled with: HOUSE BILL 144
Sponsored By:
Senator Baker
Entitled:
Tax Credits - New or Expanded Business Premises

Synopsis:

Reducing from 25 to 10 the required number of individuals that must be employed by a business in new permanent full-time positions for the business to qualify for property tax and State tax credits allowed for new or expanded businesses in a county with a population under 30,000.

History by Legislative Date

Senate Action
1/13
First Reading Budget and Taxation
1/14
Hearing 1/26 at 2:00 p.m.
3/6
Favorable with Amendments Report by Budget and Taxation
3/7
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/9
Third Reading Passed (44-0)
4/5
Returned Passed
5/18
Signed by the Governor Chapter 501
House Action
3/10
First Reading Ways and Means
3/15
Hearing 3/28 at 1:00 p.m.
4/7
Favorable Report by Ways and Means
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (137-1)
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
KENT COUNTY
PROPERTY TAX
SMALL BUSINESS
TAX CREDITS -see also- CIRCUIT BREAKER
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc
Bill affects the following Statutes:
Tax - Property
( 9-230 , 9-230 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 299238/1 (PDF)     Offered on: March 7, 2000   at: 10:41 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 9, 2000: Third Reading Passed (44-0)
House
April 4, 2000: Third Reading Passed (137-1)