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Legislation watch
2014 Senate Bill 6096: Providing for property tax exemption for the value of new construction of industrial/manufacturing facilities in targeted urban areas
Introduced by Sen. Kirk Pearson (King) (R) on January 15, 2014
For Bill Information, please click HERE. Official Text and Analysis.
Referred to the Senate Trade & Economic Development Committee on January 15, 2014
Substitute offered in the Senate on February 4, 2014
Reduces the population threshold for a city to
qualify for the property tax exemption program from at least 50,000 to at least 25,000.
Moves back the date for cities to have designated land zoned as industrial or manufacturing
from January 1, 2012, to December 31, 2012. Modifies the definition of targeted area to
include lands located within or contiguous to an innovation partnership zone, foreign trade
zone, or EB-5 regional center. Excludes counties from the exemption unless the governing
body adopts a resolution authorizing property to be exempt from county property taxes.
Referred to the Senate Ways & Means Committee on February 4, 2014
Substitute offered in the Senate on February 11, 2014
Provides property tax exemptions to encourage new
manufacturing and industrial uses on undeveloped or
underutilized lands zoned for industrial and manufacturing
uses in targeted urban areas.
Referred to the Senate Rules Committee on February 13, 2014
Received in the House on February 17, 2014
Referred to the House Finance Committee on February 17, 2014
Referred to the House Technology & Economic Development Committee on February 20, 2014
Referred to the House Finance Committee on February 26, 2014