AB77

AB77

Revises Provisions Governing Tax Abatements for Certain Businesses. (BDR 32-282)

AN ACT relating to taxation; revising criteria governing the approval of an application for certain partial abatements of taxes; authorizing the Office of Economic Development to deny an application for certain partial abatements of taxes if the Office determines that the denial of an application is in the best interests of the State; authorizing businesses that recycle certain materials or produce certain fuels from recycled materials to apply to the Office for a partial abatement of certain taxes on real property; and providing other matters properly relating thereto.

Sponsors

Legislative History

1. 2024-11-20

   Prefiled. Referred to Committee on Revenue. To printer.

2. 2024-12-02

   From printer.

3. 2025-02-04

   Read first time. To committee.

4. 2025-04-12

   (Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)

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0000-00-00 · Introduced View source document ↗