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