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Finance Committee advances technical fix to jobs investment tax credit, freeing up $50 million
Summary
The House Finance Committee on June 30 approved a technical amendment to a jobs investment tax credit bill that lawmakers and staff said will allow the Department of Community and Economic Development to release roughly $50 million for investments in small, rural businesses.
House Finance Committee members voted to report House Bill 16 67 out of committee after lawmakers said a drafting error has held up disbursement of program funds.
The measure, described by the prime sponsor as a technical fix to the jobs investment tax credit, was supported by Representative Taycak, who said the program “is an already successful program. There's already been $50,000,000 that has…
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