DEVELOPMENT-READY JOBS BILL.

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View NCGA Bill Details2011-2012 Session
Senate Bill 545 (Public) Filed Thursday, April 7, 2011
TO DIRECT THE REVENUE LAWS STUDY COMMITTEE TO STUDY POLICIES AND INCENTIVES THAT CAN BE ESTABLISHED TO STIMULATE THE CREATION OF DEVELOPMENT READY SITES TO AID IN JOB RECRUITMENT AND RETENTION EFFORTS.
Intro. by Vaughan, Brunstetter.
Status: Ref To Com On Finance (Senate Action) (Apr 12 2011)

Bill History:

S 545

Bill Summaries:

  • Bill S 545 (2011-2012)
    Summary date: Apr 7 2011 - View Summary

    Substantively identical to H 628, filed 4/5/11.

    Directs the Revenue Laws Study Committee to study incentives similar to tools for farmland preservation, brownfields redevelopment, historic preservation, and land conservation to stimulate "development ready" sites. The study shall include discussion of property tax relief using agricultural use value taxation for development ready sites as well as income tax deductions or credits. Authorizes appointment of an advisory subcommittee consisting of specified economic development interests. Report to be made to the 2012 Regular Session of the General Assembly.

    Land Use, Planning and Zoning, General Assembly, Tax
    STUDY
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