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Senate committee advances bill to add guardrails for enterprise zones, adds sunset and executive approval
Summary
House Bill 1129 (LC 44-35-21 ECS) was presented on behalf of the governor to tighten rules for enterprise zones: require executive approval for a state sales-and-use tax exemption, cap four zones per urban redevelopment area, require a $400 million minimum capital investment for transformational projects, and restrict revenue-bond principal use. The committee adopted an amendment and approved the bill 7–1.
A Senate Finance Committee advanced House Bill 1129, a measure the governor supports to add guardrails to the state’s enterprise-zone program.
Calvin Sorbey, deputy director of policy for the governor’s office, presented the bill (LC 44-35-21 ECS). He said the legislation "clarifies the specific authority of the DCA commissioner" to nominate and designate enterprise-zone areas under code section 36-88-6, provides for executive-branch approval to exempt state sales and use tax, caps at four the number of enterprise zones that may…
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