Senate Roll Call 311 on2015 House Bill 4226: Expand technology business subsidies
View the rest of House Bill 4226: History, Amendments & Comments
To increase from three to nine the number of areas in which “certified technology parks” (previously dubbed "smart zones") are allowed to expand by creating a "satellite" zone. These entities use “tax increment financing” to provide infrastructure or other subsidies to technology-based businesses. Like the better-known Downtown Development Authorities, they collect the extra local property tax revenue that (hopefully) results from property value increases generated by their selective subsidies and projects.
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Senate Roll Call 311 on 2015 House Bill 4226