HB 1051 (2011) -  Economic Development

by Brandes
Creates "Small Business Jobs Creation Act"; reduces period within which EFI & OTTED must review & evaluate applications for state economic development incentives; reduces period within which local government must adopt resolution to provide financial support to business applying to participate in tax refund program for qualified target industry businesses; reduces period within which business applying to participate in tax refund program for qualified target industry businesses must sign agreement with OTTED; authorizes extension of time for business to sign agreement; requires OTTED to return unused portion of local financial support within specified period if business fails to timely sign agreement or no longer participates in tax refund program; waives requirements for certain businesses to pay minimum average wage during first year of agreement under tax refund program for qualified target industry businesses; redefines term "remuneration" as used in Home Health Services Act to exclude certain items having value less than specified threshold amount.
Effective Date: July 1, 2011
Last Event: Died in Economic Development & Tourism Subcommittee on Saturday, May 7, 2011 2:07 AM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Economic Development & Tourism Subcommittee Time: 05/07/2011 - 2:07 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 03/10/2011 - 3:25 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/10/2011 - 3:25 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Transportation & Economic Development Appropriations Subcommittee Time: 03/10/2011 - 3:25 PM Member: Committee: Transportation & Economic Development Appropriations Subcommittee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 03/10/2011 - 3:25 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Filed Time: 02/28/2011 - 10:45 AM Member: Brandes Committee: Version: __