Statutory Revision Committee. Section 1 of the bill repeals obsolete provisions that allow an income tax credit for contributions to enterprise zone administrators to implement economic development plans.
Section 2 moves certain cross references that are incorrectly placed in the section that allows for an investment tax credit in enterprise zones.
Section 3 fixes an incorrect cross reference in the section that allows a credit for new enterprise zone business employees.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)