Bill > HB1711

This bill allows the designation of eligible homestead lots as enterprise zones for a period of twenty years. It provides state and local incentives to qualified businesses on homestead lots, such as a 100% exemption from the general excise tax, non-refundable income tax credits, priority business permit processing, and waiver of permit fees. The bill also creates separate eligibility and qualification requirements for businesses on homestead lots, which are different from the existing requirements for the state enterprise zone program. The purpose of this bill is to promote new businesses on homestead lots and stimulate economic activity in these areas.