HB0034 Summary

• Removes gender-specific language ("man hours") from full-time equivalent job and full-time retained job definitions, replacing with neutral "hours" terminology.

• Updates poverty rate criteria for enterprise zone qualification to use American Community Survey data instead of federal decennial census, and changes child poverty threshold from participation in free lunch programs to families living below 130% of poverty line.

• Increases maximum number of enterprise zones that may be certified from 89 to 97 total, with requirement that at least 25% of available zones in years with 4+ applicants must go to counties with populations under 300,000.

• Modifies enterprise zone expiration review process so zones expiring on or after January 1, 2024 have 5-year advance notice instead of 2-year notice, and adds decertification provisions for zones failing to file reports for 3 consecutive years.

• Adds Enterprise Zone construction jobs credit (50-75% of incremental income tax) for businesses making minimum $10,000,000 capital investments, capped at $20,000,000 annually, and requires certified payroll reporting for construction workers.