Introduced
by
To authorize 50 percent “industrial development” property tax abatements for convention and trade centers that are over 100,000 square feet in size. Under current law these tax breaks may be granted to ones larger than 250,000 square feet. The Senate Fiscal Agency estimates that on average this would provide the owner of such a facility with an $11,500 annual property tax break for every $1.0 million of the market value.
Referred to the Committee on Economic Development and Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
The amendment passed by voice vote
Passed in the Senate 36 to 1 (details)
Referred to the Committee on New Economy and Quality of Life
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
by
To replace the previous version of the bill with one that authorizes one of these tax breaks for a particular facility in a smaller community.
The substitute passed by voice vote
Passed in the House 108 to 0 (details)
To authorize 50 percent “industrial development” property tax abatements for convention and trade centers that are over 100,000 square feet in size. Under current law these tax breaks may be granted to ones larger than 250,000 square feet. The Senate Fiscal Agency estimates that on average this would provide the owner of such a facility with an $11,500 annual property tax break for every $1.0 million of the market value.
Passed in the Senate 37 to 1 (details)
To concur with the House-passed version of the bill.
