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HB 2304

Relating to authorizing the Massage Therapy Licensure Board to promulgate a legislative rule relating to general provisions

2025 Regular Session Introduced by Doug Smith

HB 2304 mandates local governments to report economic development incentives over $50,000, creating a searchable database for transparency and accountability.

To House Government Organization
#legislature--rulemaking
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Bill Summary · HB 2304

Summary of House Bill 2304

Bill Number: HB 2304
Title: Relating to authorizing the Massage Therapy Licensure Board to promulgate a legislative rule relating to general provisions
Status: To House Government Organization
Introduced: January 29, 2025
Classification: Bill
Subject: Legislature--Rule Making

Purpose and Intent

House Bill 2304 aims to enhance transparency and accountability in local economic development programs by requiring local governments to report specific data related to economic development incentives. This information will be made available through a searchable database maintained by the Department of Commerce.

Key Provisions

  • Definitions:

    • Local Government: Includes any city, county, unified government, or their subdivisions, as well as any instrumentality established for economic development.
    • Recipient: Refers to enterprises that apply for and receive economic development incentives, including those that are no longer solvent.
    • Searchable Website: A platform that allows users to efficiently search and display data by economic development incentive program, recipient, and project location.

  • Reporting Requirements:

    • Local governments must report data on various economic development programs, including but not limited to:
    • Community improvement districts
    • Tax increment financing
    • Business improvement districts
    • Industrial development bonds
    • Data must be submitted to the Department of Commerce for programs providing over $50,000 in annual incentives.

  • Database Features:

    • The database will be a searchable website that allows users to access information by program, county, and recipient.
    • Users can generate printable or downloadable reports summarizing total incentives awarded, years incentives can be claimed, and total incentives claimed.

  • Timeline for Compliance:

    • Local governments must provide initial data for programs commenced before July 1, 2025, by July 1, 2026.
    • For programs starting on or after July 1, 2025, data must be reported within 30 days of program commencement.

  • Administrative Fees:

    • The Secretary of Commerce may impose a 1% administrative fee (not exceeding $1,000) on recipients of economic development incentives to cover database maintenance costs.

Impact

  • Who is Affected:

    • Local governments will need to allocate resources for data collection and reporting.
    • Businesses receiving economic development incentives will be required to provide information for transparency.
    • The public will have improved access to information regarding local economic development incentives, promoting accountability.

  • Fiscal Implications:

    • The Department of Commerce anticipates needing additional staff and resources to implement the requirements of the bill, with estimated costs of $389,000 in FY 2026 for personnel and website upgrades.

Conclusion

HB 2304 represents a significant step towards increasing transparency in local economic development initiatives. By mandating comprehensive reporting and creating a user-friendly database, the bill seeks to ensure that economic incentives are effectively monitored and publicly accessible, thereby fostering greater accountability among local governments and recipients.

Compiled from official sources — confirm details with the bill’s official record.

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