Text: HSB00083 Text: HSB00085 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 15E.192, subsection 3, paragraphs a and 1 2 b, Code 2003, are amended to read as follows: 1 3 a. A county or city which meets the distress criteria 1 4 provided in section 15E.194, Code 2001, may apply to the 1 5 department for an area to be certified as an enterprise zone 1 6 at any time prior toJulyDecember 1, 2003. However, the 1 7 total amount of land designated as enterprise zones under 1 8 subsections 1 and 2, and any other enterprise zones certified 1 9 by the department, excluding those approved pursuant to 1 10 section 15E.194, subsection 4, shall not exceed in the 1 11 aggregate one percent of the total county area. 1 12 b. An enterprise zone certified by the department pursuant 1 13 to subsection 2 shallnot be decertified oronly be amended if 1 14 the amendment consists of an area being added to the 1 15 enterprise zone and the added area meets the criteria of 1 16 section 15E.194, subsection 2. An enterprise zone certified 1 17 by the department pursuant to subsection 1 or 2 may be 1 18 decertified; however, if a subsequent enterprise zone is 1 19 designated, the expiration date of the subsequent enterprise 1 20 zone shall be the same as the expiration date of the 1 21 decertified enterprise zone. 1 22 Sec. 2. Section 15E.193, subsection 1, paragraph c, Code 1 23 2003, is amended to read as follows: 1 24 c. Pays an average wage that isat or greater than ninety1 25percent of the lesser of the average county wage or average1 26regional wage, as determined by the departmentequal to or 1 27 exceeds ninety percent of the average county wage as 1 28 determined by the department of economic development, ninety 1 29 percent of the average regional wage as determined by the 1 30 department of economic development, or the annual wage cap as 1 31 defined under the community economic betterment program, 1 32 whichever is lowest. However, the wage paid by the business 1 33 shall not be less than seven dollars and fifty cents per hour. 1 34 Sec. 3. Section 15E.193, Code 2003, is amended by adding 1 35 the following new subsection: 2 1 NEW SUBSECTION. 4. If a business that is approved to 2 2 receive incentives or assistance provided under section 2 3 15E.196 experiences a layoff within the state or closes any of 2 4 its facilities within the state prior to receiving the 2 5 incentives and assistance, the department may reduce or 2 6 eliminate all or a portion of the incentives and assistance. 2 7 If a business has received incentives or assistance under 2 8 section 15E.196 and experiences a layoff within the state or 2 9 closes any of its facilities within the state after receiving 2 10 the incentives and assistance, the business may be subject to 2 11 repayment of all or a portion of the incentives and assistance 2 12 that it has received. 2 13 Sec. 4. Section 15E.193B, subsection 3, Code 2003, is 2 14 amended to read as follows: 2 15 3. The single-family homes and dwelling units which are 2 16 rehabilitated or constructed by the eligible housing business 2 17 shallbe modest homes or units but shallinclude the necessary 2 18 amenities. When completed and made available for occupancy, 2 19 the single-family homes and dwelling units shall meet the 2 20 United States department of housing and urban development's 2 21 housing quality standards and local safety standards. 2 22 Sec. 5. Section 15E.193C, subsection 5, Code 2003, is 2 23 amended to read as follows: 2 24 5. Prior toapplying forreceiving assistance under this 2 25 section, an eligible development business shall enter into an 2 26 agreement with at least one business for purposes of locating 2 27 the business in all or a portion of the building space for a 2 28 period of at least five years. Nonretail businesses locating 2 29 in a building space must create at least ten full-time 2 30 positions, meet the criteria provided in section 15E.193, 2 31 subsection 1, paragraphs "a", "b", and "c", and not share 2 32 common ownership or common management with the development 2 33 business. A development business shall receive a pro rata 2 34 share of the total incentives and assistance available to the 2 35 development business based on the percentage of the building 3 1 that is leased to nonretail businesses. The department shall 3 2 determine the procedure for issuing the incentives and 3 3 assistance on a pro rata basis. 3 4 Sec. 6. 2002 Iowa Acts, chapter 1145, section 7, is 3 5 amended to read as follows: 3 6 SEC. 7. Section 15E.192, subsection43, paragraph a, Code 3 7 2003, is amended by striking the paragraph. 3 8 Sec. 7. 2002 Iowa Acts, chapter 1145, section 10, 3 9 subsection 2, is amended to read as follows: 3 10 2. Section 7 of this Act, striking section 15E.192, 3 11 subsection43, paragraph "a", Code 2003, takes effectJuly3 12 December 1, 2003. 3 13 Sec. 8. EFFECTIVE DATE. Sections 1, 6, and 7 of this Act, 3 14 amending section 15E.192 and 2002 Iowa Acts, chapter 1145, 3 15 being deemed of immediate importance, take effect upon 3 16 enactment. 3 17 EXPLANATION 3 18 This bill amends the enterprise zone program administered 3 19 by the department of economic development. 3 20 In 2002, the enterprise zone program was amended to change 3 21 all references to the 1990 certified federal census to the 3 22 2000 certified federal census and allowed counties and cities 3 23 currently meeting the distress criteria based on the 1990 3 24 census to continue to designate enterprise zones until July 1, 3 25 2003. The bill changes the July 1, 2003, deadline to December 3 26 1, 2003, and makes conforming amendments to 2002 Iowa Acts, 3 27 chapter 1145, which take effect upon enactment. 3 28 Currently, the enterprise zone program prohibits an 3 29 enterprise zone from being decertified or amended. The bill 3 30 provides that an enterprise zone designated by a city shall 3 31 only be amended if the amendment consists of an area being 3 32 added to the enterprise zone and the added area meets the 3 33 distress criteria for cities. The bill provides that an 3 34 enterprise zone designated by a county or city may be 3 35 decertified; however, if a subsequent enterprise zone is 4 1 designated, the expiration date of the subsequent enterprise 4 2 zone shall be the same as the expiration date of the 4 3 decertified enterprise zone. These provisions take effect 4 4 upon enactment. 4 5 The bill amends the wage requirements for an eligible 4 6 business under the enterprise zone program. The bill provides 4 7 that a business must pay an average wage that is equal to or 4 8 exceeds 90 percent of the average county wage as determined by 4 9 the department of economic development, 90 percent of the 4 10 average regional wage as determined by the department of 4 11 economic development, or the annual wage cap, whichever is 4 12 lowest. A current Code provision remains unchanged that sets 4 13 a wage rate floor of $7.50 per hour. 4 14 The bill adds reduction and payback provisions to the 4 15 enterprise zone program if a business that is approved to 4 16 receive incentives or assistance or a business that has 4 17 already received incentives or assistance experiences a layoff 4 18 within the state or closes any of its facilities within the 4 19 state. The bill allows the department to reduce or eliminate 4 20 incentives and assistance if the business has not yet received 4 21 incentives and assistance and to require repayment if 4 22 incentives and assistance have already been received. 4 23 The bill amends the housing business portion of the 4 24 enterprise zone program by striking a requirement that single- 4 25 family homes and dwelling units which are rehabilitated or 4 26 constructed by the eligible housing business must be modest 4 27 homes or units. 4 28 The bill amends the development business portion of the 4 29 enterprise zone program by allowing an eligible development 4 30 business to be approved under the program prior to entering 4 31 into an agreement with at least one business for purposes of 4 32 locating the business in all or a portion of the building 4 33 space for a period of at least five years. However, the bill 4 34 requires the agreement to be entered into prior to the 4 35 eligible development business receiving any assistance under 5 1 the program. 5 2 LSB 1262DP 80 5 3 tm/cl/14.1
Text: HSB00083 Text: HSB00085 Text: HSB00000 - HSB00099 Text: HSB Index Bills and Amendments: General Index Bill History: General Index
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