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HB 0070 -	"Less Developed Area" Tax Credits - Classification Change for Counties with High Levels of Commuters
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Tracking Level:

Support

Sponsor:

Paulette Braddock

Last Action:

1/25/2017 - House Second Readers

House Committee:

Ways & Means

Assigned To:

Economic Development	Next Bill
Larry Ramsey	Next Bill

Staff Analysis of the Legislation
This bill redesignates any county to a lower economic development tier when at least 70 percent of the county's workforce commutes outside the county for work. The effect of this change is that businesses creating jobs within a county meeting this percentage would be entitled to higher income tax credits that would otherwise apply.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text