Bill Title: Rural entrepreneurship area incentives. Permits the office of community and rural affairs (office) to designate an applicant rural county as a rural entrepreneurship area development incentives area (READI area). Provides for the distribution of adjusted gross income taxes paid annually by employees working in an area for a new business or paid annually by additional employees in an existing business and by the new business itself to the rural county for the development of new business opportunities in the rural county, including transfers to local or regional venture capital funds. Limits the amount that may be distributed to a particular

Spectrum: Slight Partisan Bill (Republican 2-1)

Status: (Introduced - Dead) 2015-02-12 - Referred to the Committee on Ways and Means pursuant to House Rule 127 [HB1606 Detail]

Text: Latest bill text (Amended) [PDF]

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