Introduced by Sen. Jim Barcia (D) on January 25, 2005, to expand the definition of the term "rehabilitation" in the law that authorizes “brownfields” tax credits, so that adding additional space or adding additional stories to a facility would qualify it for a tax credit.
Referred to the Senate Economic Development, Small Business and Regulatory Reform Committee on January 25, 2005.
Reported in the Senate on March 1, 2005, with the recommendation that the bill pass.
Amendment offered by Sen. Jim Barcia (D) on March 9, 2005, to limit the extension of this tax break to additions on the same floor level that do not increase the existing floor space by 100 percent or more. The amendment passed by voice vote in the Senate on March 9, 2005.
1) Tax Break Giveaways by Anonymous Citizen on March 10, 2005 Jim,
Instead of tweaking these laws, why not just get rid of them?
Suppose you live on 22nd and I live on the south side of Sixth Street, between Johnson and Trumble. Also, lets say our respective houses are exactly equivalent in every way possible. Further suppose that I plan on doubling the square footage of my house.
Now,
My property taxes should be increased by x amount.
Correct?
Wrong! My taxes go up by x-z.
Next, lets say that you are planning to double the size of you house.
Your property taxes go up by x –z.
Correct?
Wrong! Your taxes go up by x, sucker!
How you feel?
2) 2005 Senate Bill 52 (Expand “brownfields” tax credits ) by admin on January 1, 2001 Introduced in the Senate on January 25, 2005, to expand the definition of the term "rehabilitation" in the law that authorizes “brownfields” tax credits, so that adding additional space or adding additional stories to a facility would qualify it for a tax credit
The vote was 37 in favor, 0 opposed and 1 not voting