HF 1640

FIRST ENGROSSMENT

Job opportunity building zones and biotechnology and health sciences industry zone provisions modified; and tax credit provided for investment in a qualified regional angel investment network fund.

Section 1: Job opportunity building zone provisions modified.
Sec. 2: Biotechnology and health sciences industry zone refunds provided.
Sec. 3: Regional investment credit authorized.
Sec. 4: Job opportunity building zones aircraft tax exemption provided.
Sec. 5: Biotechnology and health siciences industry zone tax exemptions provided.
Sec. 6: "Qualified business" definition modified.
Sec. 7: "Relocation payroll percentage" defined.
Sec. 8: Individual income tax exemption regulations modified.
Sec. 9: Corporate franchise tax exemption regulations modified.
Sec. 10: Repayment obligation technical conforming change provided.
Sec. 11: Reconciliation provided.
Sec. 12: Remedies modified.
Sec. 13: Conforming change.
Sec. 14: Corporate franchise tax exemption modified.
Sec. 15: Conforming change.
Sec. 16: Revisor's instruction.
Sec. 17: Repealer.

AME
4-27-05