HP0540 LD 719 |
First Regular Session - 123rd Legislature - Text: MS-Word, RTF or PDF |
LR 1172 Item 4 |
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Bill Tracking | Chamber Status |
Amend the amendment in section 1 in §5250-S in subsection 1 in paragraph B in the 2nd line (page 2, line 12 in amendment) by striking out the following " 20" and inserting the following: ' 5'
Amend the amendment in section 1 in §5250-S in subsection 1 in paragraph C in the first line (page 2, line 19 in amendment) by striking out the following: " $2,000,000" and inserting the following: ' $200,000'
summary
This amendment reduces the number of new employees from 20 to 5 and the minimum investment amount from $2,000,000 to $200,000 a business must satisfy to qualify for Pine Tree Development Zone benefits under Committee Amendment "A."