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HB 923: Economic Development


Economic Development; Authorizes EFI to establish statewide golf trail; requires EFI to cooperate with various entities; requires EFI to designate proprietary name for statewide golf trail; authorizes EFI to license name & receive compensation for such licensing; requires EFI to maintain & protect name, brand, proprietary marks, & intellectual property of statewide golf trail in specified manner; encourages EFI to enter into certain licensing arrangements or contracts; prohibits EFI from accepting certain financial responsibility or liability for statewide golf trail; directs various economic development & tourism promotion agencies to support statewide golf trail; requires EFI to submit annual report to Legislature on statewide golf trail; revises definitions of terms "qualified active low-income community business" & "qualified investment" for purposes of New Markets Development Program Act; exempts from ad valorem taxation golf course property donated to state, local government, or nonprofit organization for use by public for specified purposes; authorizes owners of golf course property to donate or retain vested or permitted rights in property.

Effective Date: 7/1/2012
Last Action: 3/9/2012 House - Died in Business and Consumer Affairs Subcommittee
Location: In committee/council (BCAS)
Bill Text: PDF

Bill History

Date Chamber Action
12/6/2011 House • Filed
12/21/2011 House • Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 90
1/10/2012 House • Introduced -HJ 89
3/9/2012 House • Died in Business and Consumer Affairs Subcommittee