Passed BothConf. Cmte
- Economic Development - Enterprise Zone Program - Alterations
- Sponsored by
- Delegate Palakovich Carr
- In the House - Hearing 2/02 at 1:00 p.m.
- Fiscal and Policy Note
Altering the circumstances under which the Secretary of Commerce may designate an area as an enterprise zone or a focus area; prohibiting the Secretary from designating a new enterprise zone or granting an expansion of an existing enterprise zone if the Secretary reasonably anticipates that the aggregate amount of property tax credits claimed for the immediately preceding fiscal year may exceed $60,000,000; and terminating the Program on January 1, 2031, except under certain circumstances.
Bill File Type: Regular
Effective Date(s): June 1, 2023
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Last Updated: 2/3/2023 2:58 PM