1E Providing for designation of foreign trade zones as international economic development zones by certain foreign trade zone authorities under certain conditions, specifying certain size restrictions, certain consideration requirements for designation and certain powers of the authorities including establishment of port authorities, requiring and providing for creation of regional distribution center development plans and preparation of a business plan; requiring a transportation impact study before final site designation to evaluate the effects of the proposed use on the transportation system; specifying a deadline for final zone designation and a duration limit; providing certain property, income, franchise, and sales and use tax exemptions for businesses located and individuals operating or investing in 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, authorizing commissioner waiver of the repayment requirements under certain conditions; requiring the commissioner of employment and economic development (DEED) to study and analyze the benefit to the state of additional international economic development zones and report the results to the legislature by a certain date
(ra, ja)