Bill > SCR217

This Concurrent Resolution overrides the Governor's line-item veto, which is the Governor's power to reject specific parts of a bill without vetoing the entire bill, on two related provisions within the Fiscal Year 2012 appropriation act. These provisions concern how reduced rate sales and use tax collections, which are taxes on goods and services collected at a lower rate, generated in Urban Enterprise Zones are allocated and used. Urban Enterprise Zones are designated areas within cities that receive special tax incentives to encourage economic development and job creation. By overriding the veto, the legislature is reinstating the original language that dictated how these specific tax revenues would be managed and spent within these zones.