2008 Senate Bill 1019

Authorize Industrial Plant “Rehabilitation” tax break for existing facility

Introduced in the Senate

Jan. 17, 2008

Introduced by Sen. Tony Stamas (R-36)

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 Commerce and Tourism