HB20-1177
Enterprise Zone Statute Fixes Of Defects
Concerning modifications to the enterprise zone statutes in order to address certain defects and anachronisms.
Session:
2020 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
The act:
- Repeals obsolete provisions that allow an income tax credit for contributions to enterprise zone administrators to implement economic development plans;
- Moves certain cross references that are incorrectly placed in the section that allows for an investment tax credit in enterprise zones; and
- Fixes an incorrect cross reference in the section that allows a credit for new enterprise zone business employees.
(Note: This summary applies to this bill as enacted.)