Adopted by House 2-26-2014

HJR108 HFA Perry and Staggers #1 2-25                  Altizer

    Delegates Perry and Staggers move to amend HJR108 on page 2, line 11, by striking the period, inserting a colon and the following sentence:

    “Provided, That the tax exemption shall not become effective until the Legislature adopts enabling legislation authorizing the exemption’s implementation and concurrently prescribing limitations and conditions for the use of the tax exempt facility that protects local and regionally located businesses from use of the tax exempt facility in a manner that causes unfair competition and unreasonable loss of revenue to those businesses.”

And,

    On page 3, line 21, following the period, by inserting the following sentence:

    “This tax exemption does not take effect until the Legislature enacts laws that protect local and regional businesses from unfair competition and unreasonable loss of revenue from business competition by the facility utilizing this tax exemption.”