This bill increases the property tax exemption for local industrial development corporations from $750,000 to $10 million in property value. Industrial development corporations can now exempt up to $10 million worth of real estate they own from property taxes, though any value exceeding that amount will be taxed normally, and properties leased to for-profit businesses or located in tax increment financing districts remain ineligible for the exemption.
Signed by the Governor S.J. 495
Delivered to the Governor S.J. 461
Signed by the Speaker H.J. 506
Signed by the President S.J. 447
Senate Concurred in amendments Passed, YEAS 29, NAYS 6. S.J. 423
House of Representatives Do Pass Amended Passed, YEAS 43, NAYS 25. H.J. 431
House of Representatives Motion to amend H.J. 430
House of Representatives Deferred to another day H.J. 416
Commerce and Energy Do Pass Amended Passed, YEAS 8, NAYS 4. H.J. 5
Commerce and Energy Motion to amend H.J. 5
Commerce and Energy Scheduled for hearing
First read in House and referred to House Commerce and Energy H.J. 335
Senate Do Pass Amended Passed, YEAS 21, NAYS 12. S.J. 293
Commerce and Energy Do Pass Amended Passed, YEAS 9, NAYS 0. S.J. 23
Commerce and Energy Motion to amend S.J. 23
Commerce and Energy Scheduled for hearing S.J. 1
Commerce and Energy Scheduled for hearing
First read in Senate and referred to Senate Commerce and Energy S.J. 112
Greg Jamison
Prime sponsor · Rep.
R
Tim Reed
Prime sponsor · Sen.
R
Cosponsors
Concurred in amendments
Do Pass Amended
Commerce and Energy — Do Pass Amended
Do Pass Amended
Commerce and Energy — Do Pass Amended