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Committee adopts amendment and advances HB 2351 on enterprise zone reporting
Summary
The committee adopted the -1 amendment to House Bill 2351 and voted to advance the amended bill to the House Committee on Revenue with a do-pass recommendation. The bill updates reporting requirements for enterprise zones and expands Department of Revenue duties, with stakeholders expected to have further input in the revenue committee.
Committee staff summarized House Bill 2351 as updating reporting requirements related to enterprise zones, expanding Department of Revenue duties and increasing reporting related to long-term tax incentive compliance in rural enterprise zones. The summary said the bill and the -1 amendment have minimal fiscal impact and a ‘revenue light’ designation…
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