SB69 - Revises provisions relating to economic development. (BDR 32-369)

1 Co-Sponsor

AN ACT relating to taxation; revising provisions governing audits conducted by the Department of Taxation of recipients of a partial abatement of certain taxes imposed upon a new or expanded data center; requiring an applicant for the issuance of transferable tax credits and the partial abatement of certain taxes for a project that is located in an economic diversification district to enter into an agreement with certain local governments to defray the cost of services provided by the local governments; revising provisions governing applications for the issuance of transferable tax credits and the partial abatement of certain taxes for a project that satisfies certain capital investment and other requirements; authorizing a fire protection district to abate certain fees; and providing other matters properly relating thereto.