92nd General Assembly
Summary of SB1675
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
Senate Sponsors:
SULLIVAN.

Short description: 
BANKING DEVELOPMENT DIST ACT                                               

Synopsis of Bill as introduced:
        Creates the Banking Development  District  Act.  Provides  for  a      
   system  of  tax  exemptions  for  real  property used for banks, trust      
   companies, or national banks located within banking development zones.      
   Provides that the Treasurer, in consultation with the Office of  Banks      
   and  Real Estate, must promulgate rules setting forth the criteria for      
   the  establishment  of   banking   development   districts.   Provides      
   procedures  by  which  local  governments,  in conjunction with banks,      
   trust companies, or national banks, can establish banking  development      
   zones.  Provides  procedures  for  calculating  and  applying  for tax      
   exemptions. Effective immediately.                                          
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status