2008 Senate Bill 1376 ↩

House Roll Call 1068: Passed

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.