HB 891 -  Rural Communities

by Shoaf
Requires DEO to accept applications for approval as growth funds; specifies information required to be submitted in application; requires department to approve or deny applications within specified timeframe; prohibits department from reducing investment authority of application or denying application unless certain circumstances are met; requires department to provide tax credit certificate to taxpayers; requires department to revoke growth fund's certification under specified conditions; provides formula for calculating maximum amount of investments; specifies timeframe within which growth fund may correct violations to avoid revocation of tax credit certificate; requires growth fund to submit report to department.
Effective Date: July 1, 2020.
Last Event: Died in Workforce Development & Tourism Subcommittee on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Workforce Development & Tourism Subcommittee Time: 03/14/2020 - 12:00 AM Member: Committee: Workforce Development & Tourism Subcommittee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: __
Event: H 1st Reading Time: 01/14/2020 - 11:19 PM Member: Committee: Version: __
Event: H Now in Workforce Development & Tourism Subcommittee Time: 12/19/2019 - 4:11 PM Member: Committee: Workforce Development & Tourism Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 12/19/2019 - 4:11 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to Ways & Means Committee Time: 12/19/2019 - 4:11 PM Member: Committee: Ways & Means Committee Version: __
Event: H Referred to Workforce Development & Tourism Subcommittee Time: 12/19/2019 - 4:11 PM Member: Committee: Workforce Development & Tourism Subcommittee Version: __
Event: H Filed Time: 12/10/2019 - 11:17 AM Member: Shoaf Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
288.062 SB 848