Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate amends and passes small-business jobs bill using insurance-premium-tax increment for incentives
Summary
The first substitute to SB233 (Utah Small Business Jobs Act) was amended on the floor to clarify a $70,000 fee-cap placement; sponsors described a targeted incentive using Internal Revenue Code section 45(d) mechanics funded by insurance-premium-tax increment to encourage investment in high-poverty areas.
Senators considered a technical amendment to the first substitute of SB233, the Utah Small Business Jobs Act, and adopted Amendment #1 to clarify where a $70,000 fee cap applies. Senator Ballentine moved the amendment and described it as a correction ensuring the $70,000 cap applies to the specific subsection created by…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
