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IN HB1130

Bill

Official Source

Status

Engrossed

1/26/2010

Primary Sponsor

Dennis Tyler

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Authorizes Delaware County to designate up to three Community Revitalization Enhancement Districts (CRED), increased from the previous limit of two districts
  • The third eligible area must contain a building with at least 1,000,000 square feet and have experienced a loss of at least 700 jobs compared to employment levels on January 1, 2008
  • Existing CRED district criteria for Delaware County require buildings of at least 790,000 or 386,000 square feet with job losses of 800 or 400 respectively, and location in or adjacent to an industrial park
  • The new third district category does not require the area to be located in or adjacent to an industrial park, unlike the two existing district types
  • Declared an emergency measure, making the law effective immediately upon passage

Legislative Description

CRED districts.

Last Action

Pursuant to Senate Rule 65(b), reassigned to Tax and Fiscal Policy.

2/15/2010

Full Bill Text

No bill text available