2015 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Relating to the strategic investment program; prescribing an effective date.|
Limits property tax exemption under strategic investment program to real property, other than land and buildings, and personal property.
Indexes minimum total cost of eligible project to increase, if any, in consumer price index. Requires construction on eligible project to begin within five years and be completed within 10 years after date on which agreement between local governments and business firm is executed. Limits exempt value of property that is subject of agreement to $25 billion. Makes school districts, education service districts and community college districts in which eligible project is located parties to community services fee distribution agreement. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|