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House Journal: Page 1596: Tuesday, April 14, 1998

12   enterprise zone is certified may exempt from all
13   property taxation all or a portion of the value added
14   to the property upon which an eligible business
15   locates or expands in an enterprise zone and which is
16   used in the operation of the eligible business.  The
17   amount of value added for purposes of this subsection
18   shall be the amount of the increase in assessed
19   valuation of the property following the location or
20   expansion of the business in the enterprise zone.  If
21   an exemption provided pursuant to this subsection is
22   made applicable to only a portion of the property
23   within an enterprise zone, the definition of that
24   subset of eligible property must be by uniform
25   criteria which further some planning objective
26   established by the city or county enterprise zone
27   commission and approved by the eligible city or
28   county.  The exemption may be allowed for a period not
29   to exceed ten years beginning the year the eligible
30   business enters into an agreement with the county or
31   city to locate or expand operations in an enterprise
32   zone."
33     2.  Title page, line 1, by inserting after the
34   word "relating" the following:  "to economic
35   development enterprise zones and to".
36     3.  By renumbering as necessary.
Barry of Harrison in the chair at 11:13 a.m.
Weigel of Chickasaw offered the following amendment H-9021, to
the Senate amendment H-8994, filed by him and moved its adoption:

H-9021

 1     Amend the Senate amendment, H-8994, to House File
 2   2164, as passed by the House, as follows:
 3     1.  Page 1, by inserting after line 20 the
 4   following:
 5     "Sec. ___.  Section 15E.192, subsection 2, Code
 6   Supplement 1997, is amended to read as follows:
 7     2.  A city with a population of twenty-four
 8   thousand or more, as shown by the 1990 certified
 9   federal census, may create an economic development
10   enterprise zone as authorized in this division,
11   subject to certification by the department of economic
12   development, by designating one or more contiguous
13   census tracts, block numbering areas, or block groups,
14   or by designating census-designated places, as
15   determined in the most recent federal census, or
16   designating other geographic units approved by the
17   department of economic development for that purpose.
18   If there is an area in the city which meets the
19   requirements for eligibility for an urban or rural
20   enterprise community under Title XIII of the federal

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