Introduced by Sen. Jack Brandenburg (R) on February 7, 2017 To authorize giving ongoing cash subsidies to particular developers and business owners selected by state and local political appointees. Developers would get cash subsidies for up to 20 years based on the income tax paid by their employees and tenants. Fiscal agency projections suggest the process could transfer up to $1.8 billion state tax dollars to these beneficiaries. This is part of a package comprised of Senate Bills 111 to 115; see also Senate Bills 242 and 243. Official Text and Analysis.
Referred to the Senate Economic Development and International Investment Committee on February 7, 2017
Reported in the Senate on February 21, 2017 With the recommendation that the bill pass.
Referred to the House Tax Policy Committee on February 23, 2017
Reported in the House on April 26, 2017 With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered by Rep. Jim Tedder (R) on May 3, 2017 To make the proposed law go into effect 45 days after it is enacted.
The amendment passed by voice vote in the House on May 3, 2017
Amendment offered by Rep. Martin Howrylak (R) on May 3, 2017 To tie-bar the bill to House Bill 4550, meaning this bill cannot become law unless that one does also. HB 4550 would require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote in the House on May 3, 2017