DIGEST OF HB1066 (Updated February 2, 2005 4:16 pm - DI 103)
Military base development incentives. Designates each certified technology park located within a radius of five miles of the Crane military base as a qualified military base enhancement area. Extends the following incentives currently applicable to businesses located on closed military bases to businesses that are located in the qualified military base enhancement area and meet certain criteria: (1) The sales tax exemption for electricity purchases. (2) The reduced corporate adjusted gross income tax rate. (3) The investment credit. Authorizes two or more redevelopment commissions to enter into a written agreement to jointly undertake economic development projects in the certified technology parks established by the parties to the agreement. Requires the department of environmental management to give priority to permit applications concerning certain military bases or installations.