Committee approves vendor-backed rebate program to subsidize business security purchases
The committee advanced a Commerce & Economic Development substitute to HB421 that creates a three-year, capped fund to certify vendors who provide at least 25% discount on security equipment or services and allow a gross-receipts-tax deduction; the committee approved the substitute unanimously.
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The House Commerce & Economic Development Committee advanced a committee substitute to HB421 to establish a temporary program that certifies vendors offering discounted business-security equipment and services and provides a gross-receipts-tax (GRT) deduction for certified vendors.
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