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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 DevelopmentNext Bill
Larry RamseyNext 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

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