Text: SSB02040 Text: SSB02042 Text: SSB02000 - SSB02099 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 15E.193, subsection 1, paragraph b, 1 2 Code Supplement 1997, is amended to read as follows: 1 3 b. Pays at least eighty percent of the cost of a standard 1 4 medical and dental insurance plan, or an equivalent benefit 1 5 plan, for all full-time employees. 1 6 Sec. 2. Section 15E.195, subsection 1, Code Supplement 1 7 1997, is amended to read as follows: 1 8 1. A county which designates an enterprise zone pursuant 1 9 to section 15E.194, subsection 1, and in which an eligible 1 10 enterprise zone is certified shall establish an enterprise 1 11 zone commission to review applications from qualified 1 12 businesses located within or requesting to locate within an 1 13 enterprise zone designated pursuant to section 15E.194, 1 14 subsection 1, to receive incentives or assistance as provided 1 15 in section 15E.196. The commission shall consist of nine 1 16 members. Five of these members shall consist of one 1 17 representative of the board of supervisors, one member with 1 18 economic development expertise chosen by the department of 1 19 economic development, one representative of the county zoning 1 20 board, one member of the local community college board of 1 21 directors, and one representative of the local workforce 1 22 development center. These five members shall select the 1 23 remaining four members. If the enterprise zone consists of an 1 24 area meeting the requirements for eligibility for an urban or 1 25 rural enterprise community under Title XIII of the federal 1 26 Omnibus Budget Reconciliation Act of 1993, one of the 1 27 remaining four members shall be a representative of thatzone1 28 community.However, if the enterprise zone qualifies under1 29the city criteria, one of the four members shall be a1 30representative of an international labor organization and if1 31an enterprise zone is located in any city, a representative,1 32chosen by the city council, of each such city may be a member1 33of the commission.A county shall have only one enterprise 1 34 zone commission to review applications for incentives and 1 35 assistance for businesses located within or requesting to 2 1 locate within a certified enterprise zone designated pursuant 2 2 to section 15E.194, subsection 1. 2 3 Sec. 3. Section 15E.195, Code Supplement 1997, is amended 2 4 by adding the following new subsection: 2 5 NEW SUBSECTION. 1A. A city with a population of twenty- 2 6 four thousand or more which designates an enterprise zone 2 7 pursuant to section 15E.194, subsection 2, and in which an 2 8 eligible enterprise zone is certified shall establish an 2 9 enterprise zone commission to review applications from 2 10 qualified businesses located within or requesting to locate 2 11 within an enterprise zone to receive incentives or assistance 2 12 as provided in section 15E.196. The commission shall consist 2 13 of nine members. Six of these members shall consist of one 2 14 representative of an international labor organization, one 2 15 member with economic development expertise chosen by the 2 16 department of economic development, one representative of the 2 17 city council, one member of the local community college board 2 18 of directors, one member of the city planning and zoning 2 19 commission, and one representative of the local workforce 2 20 development center. These six members shall select the 2 21 remaining three members. If the enterprise zone consists of 2 22 an area meeting the requirements for eligibility for an urban 2 23 enterprise community under Title XIII of the federal Omnibus 2 24 Budget Reconciliation Act of 1993, one of the remaining three 2 25 members shall be a representative of that community. A city 2 26 in which an eligible enterprise zone is certified shall have 2 27 only one enterprise zone commission. If a city has 2 28 established an enterprise zone commission prior to the 2 29 effective date of this Act, the city may petition to the 2 30 department of economic development to change the structure of 2 31 the existing commission. 2 32 Sec. 4. Section 15E.196, subsection 5, Code Supplement 2 33 1997, is amended to read as follows: 2 34 5. The county or city for which an eligible enterprise 2 35 zone is certified may exempt from all property taxation all or 3 1 a portion of the value added to the property upon which an 3 2 eligible business locates or expands in an enterprise zone and 3 3 which is used in the operation of the eligible business. The 3 4 amount of value added for purposes of this subsection shall be 3 5 the amount of the increase in assessed valuation of the 3 6 property following the location or expansion of the business 3 7 in the enterprise zone. If an exemption provided pursuant to 3 8 this subsection is made applicable to only a portion of the 3 9 property within an enterprise zone, the definition of that 3 10 subset of eligible property must be by uniform criteria which 3 11 further some planning objective established by the city or 3 12 county enterprise zone commission and approved by the eligible 3 13 city or county. The exemption may be allowed for a period not 3 14 to exceed ten years beginning the year the eligible business 3 15 enters into an agreement with the county or city to locate or 3 16 expand operations in an enterprise zone. 3 17 EXPLANATION 3 18 This bill provides changes in the economic development 3 19 enterprise zone legislation which was passed by the general 3 20 assembly in the 1997 legislative session. 3 21 In order to be considered an eligible business within an 3 22 enterprise zone, a business must meet a number of criteria 3 23 which includes paying at least 80 percent of the cost of a 3 24 standard medical and dental insurance plan for all full-time 3 25 employees. The bill amends this provision to allow a business 3 26 to pay at least 80 percent of the cost of a standard medical 3 27 and dental insurance plan or an equivalent benefit plan. 3 28 Currently, the Code only requires a county to establish an 3 29 enterprise zone commission. The bill amends this requirement 3 30 by requiring counties to establish a commission only if the 3 31 county designated the enterprise zone and the enterprise zone 3 32 is certified. The bill provides that a county shall have only 3 33 one commission to review applications for incentives and 3 34 assistance for businesses located within or requesting to 3 35 locate within a certified enterprise zone designated by the 4 1 county. 4 2 The bill requires a city which designates an enterprise 4 3 zone and in which an eligible enterprise zone is certified to 4 4 establish an enterprise zone commission to review applications 4 5 from qualified businesses to receive incentives or assistance 4 6 under the program. A commission shall consist of nine 4 7 members, six of which are identified with the remaining three 4 8 members being selected by the named six members. If an urban 4 9 enterprise community is included in the enterprise zone, one 4 10 of the three remaining members shall be a representative of 4 11 that community. The bill provides that a city shall only have 4 12 one enterprise zone and if a city has established an 4 13 enterprise zone prior to the effective date of this Act, the 4 14 city may petition the department to change the structure of 4 15 the existing commission. 4 16 The bill requires a county or city which provides an 4 17 eligible business in a certified enterprise zone with a 4 18 property tax exemption to define the particular eligible 4 19 property by a set of uniform criteria which further a planning 4 20 objective established by the enterprise commission and are 4 21 approved by the eligible county or city. 4 22 LSB 3308DP 77 4 23 tm/jl/8.1
Text: SSB02040 Text: SSB02042 Text: SSB02000 - SSB02099 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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