Committee adopts amendment and advances HB 2351 on enterprise zone reporting
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.
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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 for further analysis in House Committee on Revenue.
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