[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 203 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 203

   To prohibit States and localities from receiving certain Federal 
   economic development assistance if the State or locality provides 
improper incentives for location of businesses or organizations within 
                         the State or locality.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

Mr. Jacobs introduced the following bill; which was referred jointly to 
 the Committees on Banking, Finance and Urban Affairs and Public Works 
                           and Transportation

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                                 A BILL


 
   To prohibit States and localities from receiving certain Federal 
   economic development assistance if the State or locality provides 
improper incentives for location of businesses or organizations within 
                         the State or locality.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROHIBITION OF ASSISTANCE.

    No State or political subdivision of a State may be provided 
assistance under title I of the Housing and Community Development Act 
of 1974 or the Public Works and Economic Development Act of 1965 if 
such State or political subdivision (or any instrumentality thereof) 
offers, permits, or grants any tax abatement, money payment, or payment 
of property (real or chattel) to any commercial or nonprofit 
organization or governmental entity in order to induce the location, 
retention, or expansion of such organization or entity within the State 
or political subdivision.

SEC. 2. EXCEPTION FOR ENTERPRISE ZONES.

    The prohibition under section 1 shall not apply to any abatement or 
payment offered, permitted, or granted under State law in connection 
with any tax enterprise zone established under State law.

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