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Subcommittee advances substitute to narrow enterprise‑zone tax rules and protect original bond timeline
Summary
A committee substitute to HB 416 seeks to codify original legislative intent for an enterprise zone aimed at downtown redevelopment, clarify which businesses qualify for tax treatment and address Department of Revenue concerns; the subcommittee passed the measure.
The Governmental Affairs subcommittee advanced a committee substitute to HB 416 intended to preserve the original legislative intent and timeline for an enterprise zone program created years earlier to promote redevelopment in downtown Atlanta.
The floor leader and sponsor said the substitute narrows eligibility so the tax treatment applies only to businesses actually operating…
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