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SF 1801 Senate Long Description

E Providing for designation of foreign trade zones as international + economic development zones by federal foreign trade zone authorities under +certain conditions, specifying certain consideration requirements for +designation and certain powers of the authorities including the authority to +establish port authorities, requiring and providing for preparation of a business +plan; providing certain property, income, franchise, sales and use and +motor vehicle sales tax exemptions for businesses located and individuals operating+ a trade or business in the zones; creating a jobs credit for qualified +businesses and appropriating money to the commissioner of revenue for the credit; +requiring and providing for repayment of certain tax incentives upon ceasing +operation in the zones; requiring the commissioner of employment and economic +development (DEED) to study and analyze the benefits to the state from more than +one international economic development zone and report to the legislature+ by a certain date (mk, ja)