Document Type
Peach Sheet
Abstract
The Act provides municipal and county governments the authority to create Enterprise Zones to provide financial incentives for businesses to create or expand operations in those zones and create new jobs. The economic incentives are in the form of a graduated schedule for reduced property taxes, and other tax exemptions and abatements. Areas applying for the Enterprise Zone designation must meet strict criteria to show an economic need for development. The criteria includes disinvestment, underdevelopment, or economic decline resulting in general poverty and unemployment. The creation of new jobs is intended to assist the state in welfare reform.
Recommended Citation
James F. Merna,
LOCAL GOVERNMENT Enterprise Zone Employment Act of 1997: Provide for the Creation and Comprehensive Regulation of Enterprise Zones Within Municipalities and Counties; Provide for Legislative Findings and Intent; Provide Definitions; Provide for Municipal and County Tax Credits and Exemptions or Abatements for Qualified Businesses Within an Enterprise Zone; Provide for Procedures, Conditions, and Limitations; Provide for Powers, Duties, and Authority of the Department of Community Affairs,
14
Ga. St. U. L. Rev.
(1997).
Available at:
https://readingroom.law.gsu.edu/gsulr/vol14/iss1/15