House File 2078 - Introduced



                                       HOUSE FILE       
                                       BY  THOMAS


    Passed House,  Date               Passed Senate, Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to enterprise zone certification requirements for
  2    certain cities and counties.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 5464HH 81
  5 tm/je/5

PAG LIN



  1  1    Section 1.  Section 15E.192, subsection 3, Code Supplement
  1  2 2005, is amended to read as follows:
  1  3    3.  a.  (1)  An enterprise zone certified by the department
  1  4 pursuant to subsection 2 shall only be amended if the
  1  5 amendment consists of an area being added to the enterprise
  1  6 zone and the added area meets the criteria of section 15E.194,
  1  7 subsection 2.  An enterprise zone certified by the department
  1  8 pursuant to subsection 1 or 2 may be decertified; however, if
  1  9 a subsequent enterprise zone is designated, the expiration
  1 10 date of the subsequent enterprise zone shall be the same as
  1 11 the expiration date of the decertified enterprise zone.  A
  1 12 portion of a certified enterprise zone may be decertified,
  1 13 provided that the remaining portion of the certified
  1 14 enterprise zone meets the distress criteria provided in
  1 15 section 15E.194.
  1 16    (2)  A city or county that is not eligible to designate an
  1 17 enterprise zone but previously designated enterprise zones
  1 18 pursuant to section 15E.194, Code 1997, which were equivalent
  1 19 in area to one percent of the total county area may decertify
  1 20 all or a portion of an enterprise zone and designate a
  1 21 subsequent enterprise zone if all of the following criteria
  1 22 are met:
  1 23    (a)  A subsequent enterprise zone of equivalent area or
  1 24 less is designated.
  1 25    (b)  The subsequent enterprise zone meets the same distress
  1 26 criteria as were applicable to the decertified enterprise
  1 27 zone.
  1 28    (c)  The expiration date of the subsequent enterprise zone
  1 29 is the same as the expiration date of the decertified
  1 30 enterprise zone.
  1 31    b.  A county or city may apply to the department for an
  1 32 area to be certified as an enterprise zone at any time prior
  1 33 to March 1, 2006 2008.  However, the total amount of land
  1 34 designated as enterprise zones under subsections 1 and 2, and
  1 35 any other enterprise zones certified by the department,
  2  1 excluding those approved pursuant to section 15E.194,
  2  2 subsection 4, shall not exceed in the aggregate one percent of
  2  3 the total county area.
  2  4                           EXPLANATION
  2  5    This bill relates to enterprise zone certification.
  2  6    The bill allows a city or county that is not eligible to
  2  7 designate an enterprise zone but previously designated
  2  8 enterprise zones pursuant to section 15E.194, Code 1997, which
  2  9 were equivalent in area to 1 percent of the total county area,
  2 10 to decertify all or a portion of an enterprise zone and
  2 11 designate a subsequent enterprise zone provided certain
  2 12 criteria are met.  The criteria include that a subsequent
  2 13 enterprise zone of equivalent size or less must be designated,
  2 14 that the subsequent enterprise zone must meet the same
  2 15 distress criteria as were applicable to the decertified
  2 16 enterprise zone, and that the expiration date of the
  2 17 subsequent enterprise zone must be the same as the expiration
  2 18 date of the decertified enterprise zone.
  2 19    Currently, an area must be certified as an enterprise zone
  2 20 prior to March 1, 2006.  The bill extends this date to March
  2 21 1, 2008.
  2 22 LSB 5464HH 81
  2 23 tm:rj/je/5