Relating to Tax Relief Commission in Economic and Community Development Department; appropriating money; prescribing an effective date.
Catchline/Summary:
Creates Tax Relief Commission in Economic and Community Development Department to review and approve property tax relief and grants to commercial and industrial projects that create jobs in areas of high unemployment. Creates Tax Relief Commission in Economic and Community Development Department to review and approve property tax relief and grants to commercial and industrial projects that create jobs in areas of high unemployment. Allocates lottery moneys to department for property tax relief and grants to approved projects for up to five years.
Establishes Tax Relief Fund. Continuously appropriates moneys in fund to department for Tax Relief Commission.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 2643 House Committee On Workforce and Economic Development
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