SB 5094-S2.E - DIGEST

(AS OF SENATE 2ND READING 6/13/01)

     Finds that there are still areas of the state that have very high levels of unemployment despite strong statewide economic growth.

     Finds that additional incentives are needed to promote economic stimulation and new employment opportunities in these distressed areas, and that these incentives are essential to increase economic growth in distressed areas.

     Provides a sales and use tax exemption on machinery and equipment and buildings used by businesses that establish call centers in distressed areas of the state.