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House approves enterprise-zone overhaul aimed at more oversight for rural incentives
Summary
Lawmakers passed HB 31 74-0 to tighten oversight of enterprise-zone tax incentives: the bill creates an application and vetting process through GOED and the State Tax Commission, raises eligible population thresholds for zones, and removes a 501(c)(3) donation component that triggered a prior fiscal note.
Representative Bridal, sponsor of House Bill 31, told the House HB 31 refines the enterprise-zone program to add oversight and improve accountability. "We came up with HB 31 which creates an application for someone wanting to be a participant in an enterprise zone tax credit that will go through GOED, will be approved by them and then forwarded to the…
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