Introduced
by
To authorize the creation of local "cultural redevelopment districts" and the granting of various tax breaks to individuals or companies within the districts. A state board would determine which areas would get the tax breaks, upon application from local governments. "Artists" as defined in the bill who set up inside the districts would qualify for income tax, Single Business Tax, and sales tax breaks. The state would reimburse the school aid fund from other tax revenues for the value of earmarked school taxes abated by these tax breaks.
Referred to the Committee on Commerce
