Introduced
by
To allow Downtown Development Authorities to establish and fund retail business “incubators,” which would essentially be buildings owned and operated by a DDA and rented at below-market rates to particular private retailers selected by the DDA board. These government-owned operations and subsidies would paid for with the tax revenue “captured” from other local taxing authorities that is the source of DDA funding.
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Substitute offered
by
To adopt a version of the bill that moves the specific conditions and requirements for the proposed retail business "incubator" tax breaks to Senate Bill 972.
The substitute passed by voice vote
Passed in the House 107 to 0 (details)
To allow Downtown Development Authorities to establish and fund retail business “incubators,” which would essentially be buildings owned and operated by a DDA and rented at below-market rates to particular private retailers selected by the DDA board. These government-owned operations and subsidies would paid for with the tax revenue “captured” from other local taxing authorities that is the source of DDA funding.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
