2015 House Bill 4226

Senate Roll Call 311: Passed

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.

33 Yeas / 4 Nays
Republican (23 Yeas / 4 Nays)
Democrat (10 Yeas / 0 Nays)
Excused or Not Voting (1)