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Debate on HB 16 centers on preventing 'double dipping' and rural eligibility for infrastructure credits
Summary
Sponsor Rep. Larry Brewster described HB 16 as a cleanup to prevent taxpayers from claiming an infrastructure fee both as a tax credit and as a deduction; economic development groups urged adjustments to eligibility thresholds and loan sizes to make the program workable for rural communities.
Representative Larry Brewster opened the hearing on House Bill 16, describing the bill as a periodic statutory review of a state economic development tax credit and related infrastructure fee provisions. "This bill clarifies that you could do one or the other, but you can't do both," Brewster said, referring to language that would prohibit claiming an infrastructure use fee as both a tax credit and a tax deduction.
Eric Seid…
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