LRBa1643/1
CTS:lmk:pg
2005 - 2006 LEGISLATURE
SENATE AMENDMENT 1,
TO 2005 ASSEMBLY BILL 208
December 2, 2005 - Offered by Senator Brown.
AB208-SA1,1,21
At the locations indicated, amend the
bill, as shown by assembly substitute
2amendment 1, as follows:
AB208-SA1,1,4
4"(bm) "Personnel" means all of the following:
AB208-SA1,1,55
1. A business' employees in a rural economic development zone.
AB208-SA1,1,76
2. Individuals who provide services to a business as independent contractors
7in this state.".
AB208-SA1,1,10
9"1. The business will increase its personnel by at least 10 percent and all of the
10following apply:
AB208-SA1,1,1311
a. The business enters into an agreement with the department to claim tax
12benefits only for years during which the business maintains the increased level of
13personnel.
AB208-SA1,2,4
1b. The business offers compensation and benefits for the same type of work to
2its employees working in the rural enterprise development zone that are at least as
3favorable as those offered to its employees working in this state but outside the zone,
4as determined by the department.
AB208-SA1,2,65
2. The business makes a capital investment in property located in the rural
6enterprise development zone and all of the following apply:
AB208-SA1,2,97
a. The value of the capital investment is equal to at least 10 percent of the
8business' gross revenues in the preceding tax year attributable to business activities
9in this state.
AB208-SA1,2,1110
b. The business enters into an agreement with the department to claim tax
11benefits only for years during which the business maintains the capital investment.
AB208-SA1,2,1512
c. The business offers compensation and benefits for the same type of work to
13its employees working in the zone that are at least as favorable as those offered to
14its employees working in this state but outside the zone, as determined by the
15department.".
