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House keeps infrastructure loan wage language out of tax-credit rewrite; amendment fails, bill advances
Summary
Lawmakers approved House Bill 16 on second reading to bar double-dipping between an infrastructure-use fee deduction and a related tax credit; an amendment to preserve language allowing infrastructure loans to be used to raise wages failed on a 38-62 vote.
House Bill 16, a revision to how an infrastructure loan program and an "infrastructure use fee" tax credit interact, advanced on second reading after the House rejected an amendment that would have preserved language allowing infrastructure loans to be considered when determining whether a project raises wages or business incomes.
Representative Brewster, the bill sponsor, told the committee the measure removes the ability for a taxpayer to both claim the tax credit and deduct the…
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