Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Senate Revenue & Tax committee advances five tax bills by voice vote; film incentive also cleared

REVENUE & TAX - SENATE · March 30, 2023
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Revenue & Tax committee voted by voice to advance multiple bills making technical and programmatic changes to tax credits and exemptions, including extensions and apportionment clarifications; the committee approved a revision to the film incentive program after brief debate.

The Senate Revenue & Tax committee advanced five bills by voice vote and approved a separate film-incentive revision during its session.

The committee approved changes to how certain tax credits are applied and extended program deadlines without recorded roll-call tallies. Senate Bill 4 61 adjusts application rules for a refundable, sellable credit to benefit smaller towns by setting tiered qualifying percentages (40% for communities under 10,000; 35% for 10,000–50,000; 30% above 50,000) and retains an $8,000,000…

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
30-day money-back on paid plans