Text: HF00659 Text: HF00661 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 15.329, subsection 1, paragraph e, Code
1 2 1997, is amended to read as follows:
1 3 e. The business will make a capital investment of at least
1 4 ten million dollars indexed to 1993 dollars based on the gross
1 5 national product implicit price deflator published by the
1 6 bureau of economic analysis of the United States department of
1 7 commerce. If the business is occupying a vacant building
1 8 suitable for industrial use, the fair market value of the
1 9 building shall be counted toward the capital investment
1 10 threshold. A community may request a waiver of this paragraph
1 11 for all businesses in the community which have been in
1 12 business for at least five years. The department may grant a
1 13 waiver and approve the program application.
1 14 EXPLANATION
1 15 This bill creates a waiver of the capital investment
1 16 requirement for an eligible business under the new jobs and
1 17 income program. A community may request this waiver for all
1 18 businesses in the community which have been in business for at
1 19 least five years.
1 20 LSB 1680HV 77
1 21 tm/jw/5
Text: HF00659 Text: HF00661 Text: HF00600 - HF00699 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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