Creates the Banking Development District Act. Provides for a
system of tax exemptions for real property used for banks, trust
companies, or national banks located within banking development zones.
Provides that the Treasurer, in consultation with the Office of Banks
and Real Estate, must promulgate rules setting forth the criteria for
the establishment of banking development districts. Provides
procedures by which local governments, in conjunction with banks,
trust companies, or national banks, can establish banking development
zones. Provides procedures for calculating and applying for tax
exemptions. Effective immediately.
JAN-30-2002 S FIRST READING
JAN-30-2002 S REFERRED TO SENATE RULES COMMITTEE RULES
JAN-07-2003 S SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary