2009 Senate Bill 501

Authorize Industrial Plant “Rehabilitation” tax break for existing facility

Introduced in the Senate

April 30, 2009

Introduced by Sen. Roger Kahn (R-32)

To authorize the granting of an Industrial Plant Rehabilitation personal property tax break for a particular “existing facility.” Under current law such tax breaks may be granted to new and speculative buildings, and to replacement facilities.

Referred to the Committee on Economic Development and Regulatory Reform

Oct. 20, 2009

Reported without amendment

With the recommendation that the bill pass.

Nov. 5, 2009

Passed in the Senate 33 to 1 (details)

Received in the House

Nov. 5, 2009

Referred to the Committee on Commerce