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OH SB320
Bill
Status
5/15/2012
Primary Sponsor
William Coley
Click for details
AI Summary
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Extends the deadline for local governments to enter into enterprise zone agreements from October 15, 2012 to October 15, 2013
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Applies to municipal corporations, county commissioners, and township trustees seeking to create and administer enterprise zones with tax incentives
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Amends sections 5709.62, 5709.63, and 5709.632 of the Revised Code governing enterprise zone agreement procedures
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Maintains all existing provisions regarding enterprise zone eligibility criteria, incentive types (property tax exemptions, optional services), and agreement requirements
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One-year extension allows local governments additional time to negotiate agreements with qualifying enterprises for job creation and economic development
Legislative Description
To extend the time during which local governments may enter into enterprise zone agreements to October 15, 2013.
Enterprise zone agreements-extend authority to enter into until October 15, 2013
Last Action
Passed 3rd Consideration House
5/15/2012