Senate Conferees Appointed: DeCoite Chair; Kim, Hashimoto Co-Chairs.
Summary
The bill broadens the types of businesses that can qualify for state enterprise zone incentives to cover certain research and development and information technology design and production activities. It also lets the Department of Business, Economic Development, and Tourism designate up to two census tracts that host an "innovation enterprise" as new enterprise zones, pending the governor’s approval. Finally, the department must conduct an in‑house review of the enterprise zone program with the Tax Department and report its findings to the legislature.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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