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Office of the Revisor of Statutes

SF 1232 Senate Long Description

1E Establishing green job zones (green JOBZ), defining terms, specifying limitations, providing an application for designation procedure, eligibility and criteria, providing for business subsidy agreements and reports, green job zones designation, available tax incentives, individual income and corporate franchise tax exemptions, green jobs credit and property tax exemption, requiring a tax benefit report from qualifying businesses, providing income tax benefits, allowing an income tax jobs credit, requiring tax benefits repayment by businesses no longer operating in a zone and continuing eligibility certification, specifying agreement breaches and prohibition against amendments to business subsidy agreements, allowing state auditor audits
(je)