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Senate Bill 0171

Senate Bill 0171

ARCHIVE (2000)

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DIGEST OF SB171 (Updated February 23, 2000 2:25 PM - DI 84)

Enterprise zones. Provides that for purposes of the enterprise zone statutes, the term "zone business" includes an entity that claims certain tax benefits available to businesses located in an enterprise zone. Specifies that before a taxpayer may claim the enterprise zone loan interest credit, the taxpayer must: (1) pay the enterprise zone registration fee; (2) provide the additional assistance to urban enterprise associations that is required from zone businesses; and (3) comply requirements adopted by the enterprise zone board for taxpayers claiming the credit. (The introduced version of this bill was prepared by the interim study committee on economic development issues.)
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