Introduced
by
To remove restrictions on which local governments can authorize “neighborhood enterprise zone” property tax breaks for certain developers, and also increase the cap on the cash value of residential rental property eligible for the special treatment from $80,000 per unit to $250,000 per unit.
Referred to the Committee on Commerce and Tourism
Reported without amendment
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-1) be adopted.
Referred to the Committee on Ways and Means
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass, which divides the bill's provisions between it and the identical SB 319.
Passed in the House 75 to 30 (details)
To remove restrictions on which local governments can authorize “neighborhood enterprise zone” property tax breaks for certain developers, and also increase the cap on the cash value of residential rental property eligible for the special treatment from $80,000 per unit to $120,000 per unit.
Referred to the Committee on Economic and Small Business Development
Passed in the Senate 38 to 0 (details)
To revise some technical details of the tax breaks local governments can authorize for “neighborhood enterprise zone” property for certain developers, remove some restrictions on them, and along with Senate Bill 319, also increase the cap on the cash value of residential rental property eligible for the special treatment from $80,000 per unit to $120,000 per unit.
