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SB 1116: Rural Areas of Opportunity

GENERAL BILL by Grimsley

Rural Areas of Opportunity; Increasing the value of tax credits for certain eligible businesses; increasing the maximum amount of grant funds that regionally based economic development organizations may receive from the Department of Economic Opportunity; increasing the maximum percentage of infrastructure project costs for which the department may award grants; deleting a provision that caps the tax refund amount for certain qualified target industry business tax refund applicants; specifying that a rural area of opportunity shall be designated as a rural enterprise zone, etc.

Effective Date: 7/1/2014
 Last Action: 5/2/2014 Senate - Died in Commerce and Tourism, companion bill(s) passed, see CS/HB 7023 (Ch. 2014-218)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Appropriations Subcommittee on Finance and Tax (AFT)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
2/19/2014 Senate • Filed
2/26/2014 Senate • Referred to Commerce and Tourism; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 91
3/4/2014 Senate • Introduced -SJ 90
5/2/2014 Senate • Died in Commerce and Tourism, companion bill(s) passed, see CS/HB 7023 (Ch. 2014-218)