Introduced
by
To revise a "brownfields" law used to give subsidies to particular developers by stripping-out provisions requiring that the transfer of state revenue to a developer “result in an overall positive fiscal impact to this state.” The bill would authorize subsidies of up to $10 million to each beneficiary, which recipients could collect by essentially getting a portion of employees' or residents’ income tax.
Referred to the Committee on Economic and Small Business Development
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 28 to 7 (details)
Referred to the Committee on Government Operations
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 78 to 26 (details)
To revise a "brownfields" law used to give subsidies to particular developers by stripping-out provisions requiring that the transfer of state revenue to a developer “result in an overall positive fiscal impact to this state.” The bill would authorize subsidies of up to $10 million to each beneficiary, which recipients could collect by essentially getting a portion of employees' or residents’ income tax.
