SB 1592 (2012) -  Economic Development Subsidies

General Bill by Braynon (CO-SPONSORS) Rich; Ring; Sobel; Gibson
Economic Development Subsidies: Providing a process for an applicant corporation to apply for an economic development subsidy using an application developed by the Department of Economic Opportunity; prohibiting a recipient corporation from receiving an economic development subsidy if the cost per job created exceeds a specified amount; requiring that property-taxing entities report property tax reductions and abatements to the department; providing that a recipient corporation that fails to meet certain standards is in default and must return the economic development subsidy to the granting body, etc.
Effective Date: 07/01/2012
Last Event: 03/09/12 S Died in Commerce and Tourism on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
  • Budget

Related Bills

Bill # Subject Relationship
Bill #: HB 1335 Subject: Economic Development Relationship: Compare
Bill #: HB 1347 Subject: Corporate Transparency in the State Budget Relationship: Compare
Bill #: SB 1870 Subject: Corporate Transparency in the State Budget Relationship: Compare

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Commerce and Tourism Time: 03/09/2012 - 11:59 PM Member: Committee: Version: __
Event: S Introduced -SJ 220 Time: 01/17/2012 - 7:00 PM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Budget -SJ 220 Time: 01/17/2012 - 3:43 PM Member: Committee: Version: __
Event: S Filed Time: 01/06/2012 - 11:59 AM Member: Committee: Version: __