Staff Analysis of the Legislation
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This legislation expands the ability to obtain state income tax credits for businesses in less developed areas. Under current law, census tracts next to federal military installations with a 15% or greater poverty rate in the 2010 census are eligible. HB 767 would expand this to apply to census tracts next to federal military installations with a 15% or greater poverty rate in the 2000 or 2010 census.
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