Introduced
by
To authorize giving ongoing cash subsidies to particular developers and business owners selected by state and local political appointees. Developers would get cash subsidies for up to 20 years based on the income tax paid by their employees and tenants. Fiscal agency projections suggest the process could transfer up to $1.8 billion state tax dollars to these beneficiaries. This is part of a package comprised of Senate Bills 111 to 115; see also Senate Bills 242 and 243.
Referred to the Committee on Economic Development and International Investment
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 27 to 6 (details)
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered
by
To make the proposed law go into effect 45 days after it is enacted.
The amendment passed by voice vote
Amendment offered
by
To tie-bar the bill to House Bill 4550, meaning this bill cannot become law unless that one does also. HB 4550 would require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote
Passed in the House 85 to 22 (details)
To authorize giving ongoing cash subsidies to particular developers and business owners selected by state and local political appointees. Developers would get cash subsidies for up to 20 years based on the income tax paid by their employees and tenants. Fiscal agency projections suggest the process could transfer up to $1.8 billion state tax dollars to these beneficiaries. This is part of a package comprised of Senate Bills 111 to 115; see also Senate Bills 242 and 243.
Passed in the Senate 32 to 6 (details)
