Introduced
by
To authorize giving up to $250 million of state revenue to certain developers and business owners selected by political appointees on the board of a state Strategic Fund agency. Owners of selected firms would get cash subsidies based on the amount of state income tax paid by their employees.
Referred to the Committee on Economic Development and International Investment
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 32 to 5 (details)
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
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
Amendment offered
by
To tie-bar the bill to House Bill 4645, meaning this bill cannot become law unless that one does also. HB 4645 would end the practice of allowing the state agency in charge of selectively granting favors to certain businesses to automatically collect revenue paid to the state through Indian casino gaming compacts and other "off budget" sources.
The amendment failed by voice vote
Amendment offered
by
To establish that if enacted the bill will go into effect 30 days afterwards.
The amendment passed by voice vote
Passed in the House 71 to 35 (details)
To authorize giving up to $250 million of state revenue to certain developers and business owners selected by political appointees on the board of a state Strategic Fund agency. Owners of selected firms would get cash subsidies based on the amount of state income tax paid by their employees.
Passed in the Senate 29 to 5 (details)
To concur with the House-passed version of the subsidy package, which includes a provision intended to cap the payouts at $200 million.
