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.
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
- Commerce and Tourism (CM)
- Budget (BC)
• Referred to Commerce and Tourism; Budget -SJ 220
• Introduced -SJ 220
• Died in Commerce and Tourism
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