First reading: referred to Committee on Ways and Means
Summary
The bill says a Level 2 certified technology park that reaches its deposit limit, stays certified, and is located in a qualified military‑base enhancement area will automatically be upgraded to Level 3. Level 3 parks may then receive an additional annual incremental income‑tax deposit of up to $250,000. It also updates the rules for the incremental tax financing fund that supports these parks.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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