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Commerce panel refers DECD tax-credit technical revisions to finance amid caution on production credit cut
Summary
The committee referred House Bill 7166, agency-request technical changes to film and certain tax-credit statutes, to the Finance Committee. Members debated a separate policy concern about proposed reductions to the production tax-credit and flagged the issue for Finance.
House Bill 7,166, a package of technical revisions based on Department of Economic and Community Development (DECD) recommendations to certain tax-credit statutes including film production, research and development credits, was referred to the Finance Committee after committee discussion.
Committee members said most of the language before them was technical and intended to improve the administration and…
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