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HB 0342 - Enterprise Zones - Sales Tax Exemptions
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Tracking Level: Neutral
Sponsor: Chuck Efstration
Last Action: 7/1/2017 - Effective Date
House Committee: Ways & Means
Senate Committee: Finance
Assigned To:
Economic DevelopmentNext Bill
Larry RamseyNext Bill
Sales Tax-LocalNext Bill

Staff Analysis of the Legislation

This legislation provides a sales tax exemption in certain enterprise zones: those involving investment of $400M or more in a "chronically underdeveloped area." The exemption for state sales tax would be automatic; exemption from local sales tax would require approval of the local governments. School taxes are not impacted by this bill. A proposed substitute to this bill would make the local sales tax exemption automatic in the same manner as state sales taxes; however, consistent with existing law, local government approval is still necessary for creation of such enterprise zones.

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

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