House File 828 - Introduced



                                      HOUSE FILE       
                                      BY  COMMITTEE ON ECONOMIC GROWTH

                                      (SUCCESSOR TO HF 577)


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

                                      A BILL FOR

  1 An Act relating to the designation of enterprise zones located
  2    near modes of transportation and including effective date and
  3    retroactive applicability date provisions.
  4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  5 TLSB 1595HV 82
  6 tm/es/88

PAG LIN



  1  1    Section 1.  Section 15E.194, subsection 3, unnumbered
  1  2 paragraph 1, Code 2007, is amended to read as follows:
  1  3    A city may designate an area of up to four square miles to
  1  4 be an enterprise zone if the area is designated a blighted
  1  5 area as defined in section 403.17 or an economic development
  1  6 area pursuant to section 403.4 and the area includes or is
  1  7 located within four miles of at least three of the following:
  1  8    Sec. 2.  EFFECTIVE AND RETROACTIVE APPLICABILITY DATES.
  1  9 This Act, being deemed of immediate importance, takes effect
  1 10 upon enactment and applies retroactively to March 1, 2006.
  1 11                           EXPLANATION
  1 12    This bill relates to the designation of enterprise zones
  1 13 located near modes of transportation.
  1 14    In 2006, a new type of enterprise zone was enacted,
  1 15 effective March 1, 2006, which allows a city to designate an
  1 16 area of up to four square miles to be an enterprise zone if
  1 17 the area is a blighted area and the area includes or is
  1 18 located within four miles of at least three certain types of
  1 19 modes of transportation.
  1 20    The bill provides that the new type of enterprise zone must
  1 21 be designated a blighted area or an economic development area
  1 22 pursuant to the "Urban Renewal Law", specifically, Code
  1 23 section 403.4.
  1 24    The bill takes effect upon enactment and applies
  1 25 retroactively to March 1, 2006.
  1 26 LSB 1595HV 82
  1 27 tm:sc/es/88