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Committee adopts H-2 substitutes for HB 5168 and HB 5169; proposed caps on tax credits fail
Summary
The committee adopted H-2 substitutes for House Bills 5168 and 5169 and rejected amendments to cap tax credits per company or facility (an example cap of the first $50,000,000 tax-free was proposed). Both bills were reported with recommendation.
The House Committee on Economic Competitiveness adopted H-2 substitutes for House Bills 5168 and 5169 and rejected amendments that would have capped the total tax credit a company could receive.
Representative Bonack moved to adopt the H-2 substitute for HB 5168; the substitute was adopted on roll call. Representative Bridal proposed an amendment to cap total tax credits per company or facility, using an example figure that ‘‘the…
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