Changes State assistance to urban enterprise zones over seven years by increasing reduced sales tax in enterprise zones and dedicating increase to.

This bill increases financial assistance to urban enterprise zones (UEZs) over a seven-year period, by dedicating from the beginning of Fiscal Year 2016 to the end of Fiscal Year 2022, one half of one penny for every dollar of sales tax revenues, as increased annually, in the sales tax of goods and services in UEZs subject to the tax, to the accounts held in the Urban Enterprise Zone Assistance Fund (UEZ Assistance Fund) in the name of the respective municipalities having UEZs.

Changes State assistance to urban enterprise zones over seven years by increasing reduced sales tax in enterprise zones and dedicating increase to.

This bill increases financial assistance to urban enterprise zones (UEZs) over a seven-year period, by dedicating from the beginning of Fiscal Year 2016 to the end of Fiscal Year 2022, one half of one penny for every dollar of sales tax revenues, as increased annually, in the sales tax of goods and services in UEZs subject to the tax, to the accounts held in the Urban Enterprise Zone Assistance Fund (UEZ Assistance Fund) in the name of the respective municipalities having UEZs.