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Senate committee tables QC amendments after extended SIDA testimony
Summary
The Senate REDW committee heard extensive testimony from Director Sasamoto on House Bill 24-4 (amendments to the Investment Incentive Act/Qualifying Certificate rules), then voted to table the measure to allow SIDA time to review House amendments and provide further input.
Senator Karina L. Magofna convened the Senate Standing Committee on Resources, Economic Development and Workforce and opened public comment before the committee turned to House Bill 24-4 HD1, which would amend the Investment Incentive Act to refine Qualifying Certificate (QC) eligibility and reporting requirements.
Director Sasamoto of the Commonwealth economic development authority (SIDA/CETA) testified at length that the existing QC statute is broadly permissive and that…
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