Legislative Session number- 84

Bill Name: HF0946

HF 946

FIRST ENGROSSMENT

International economic development zone and tax
incentives provided, report required, and money appropriated.

Sec. 1:
international economic development zone property tax exemptions provided.

Sec.
2: federal income tax deduction provided for international economic development
zone income.

Sec. 3-4: taxable income exemption provided.

Sec. 5-8:
international economic development zone job credity provided.

Sec. 9:
alternative minimum taxable income exclusion provided.

Sec. 10-11: corporate
and franchise tax exemption provided.

Sec. 12: international economic
development zones tax exemptions provided.

Sec. 13: foreign trade and
international economic development zone definitions provided.

Sec. 14:
application for designation as international economic development zone
provided.

Sec. 15: designation of international economic development zone
provided.

Sec. 16: foreign trade zone authority powers provided.

Sec. 17: tax
incentives in international economic development zones specified.

Sec. 18:
individual income tax exemption provided.

Sec. 19: corporate franchise tax
exemption provided.

Sec. 20: jobs credit provided.

Sec. 21: repayment of tax
benefits required.

Sec. 22: reporting requirements provided.

CH 04-25-05