Legislative Session number- 84

Bill Name: SF1564

1E Relating to economic development; modifying certain provisions relating to
job opportunity building and biotechnology and health sciences industry zones;
clarifying eligibility for the property tax exemption for property in job
opportunity building zones; providing for the computation of interest on
biotechnology and health sciences industry zone sales tax refunds; expanding the
sales tax exemption to construction equipment used in either zone type and
exempting leases of motor vehicles by qualified businesses in job opportunity
building zones from the sales tax under certain conditions; modifying the
definition of qualified business and defining relocation payroll percentage for
job opportunity building zone income and corporate franchise tax exemption
purposes; clarifying certain tax reduction repayment obligation requirements for
businesses in either type of zone; eliminating the requirement to publish orders
modifying zones in the state register and on the internet; redefining qualified
business for biotechnology and health sciences industry zone franchise tax
exemption purposes; specifying certain renumbering and insertion instructions to
the revisor of statutes; repealing the property tax exemption for property in
biotechnology and health sciences industry zones and job opportunity building
zone aid
(ra, ja)