SB 1592: Economic Development Subsidies
GENERAL BILL by Braynon ; (CO-INTRODUCERS) Rich ; Ring ; Sobel ; Gibson
Economic Development Subsidies; Providing a process for an applicant corporation to apply for an economic development subsidy using an application developed by the Department of Economic Opportunity; prohibiting a recipient corporation from receiving an economic development subsidy if the cost per job created exceeds a specified amount; requiring that property-taxing entities report property tax reductions and abatements to the department; providing that a recipient corporation that fails to meet certain standards is in default and must return the economic development subsidy to the granting body, etc.
Effective Date: 7/1/2012
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Budget (BC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/6/2012 | Senate |
• Filed |
| 1/17/2012 | Senate |
• Referred to Commerce and Tourism; Budget -SJ 220 • Introduced -SJ 220 |
| 3/9/2012 | Senate |
• Died in Commerce and Tourism |
