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.  

 

This legislation allows counties where the sale of alcoholic beverages for on premise consumption is already approved to adopt a resolution or ordinance to allow the sale of alcoholic beverages for on premise consumption on Sundays that fall during March 16 through March 18.

This legislation allows businesses that located in areas next to federal military installations that had a 15% or higher poverty rate before the 2010 census, but have since been redrawn out of that census tract to still qualify for income tax credits.

This legislation would provide property tax exemptions, occupation tax exemption, regulatory fee exemption and business inspection fee abatement or reduction to businesses with 20 full time employees and a retail inventory of $1 million that locate in an enterprise zone.  Under current law, these exemptions are only provided to businesses with 5,000 employees that create at least 10 new full time jobs.