Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee reviews changes to machinery-and-equipment investment tax credit, including partial refundability
Summary
Legislative counsel told the Senate Finance Committee a bill would remove a prior 80% cap so certain machinery-and-equipment investment tax credits could be partially refundable (refund election up to $500,000 per year) and extend program years and certification rules tied to an economic development council.
Legislative counsel briefed the Senate Finance Committee on proposed changes to the machinery-and-equipment investment tax credit, explaining the draft would (1) extend the statutory investment period, (2) broaden the definition of qualified expenditures, and (3) remove a statutory limit that currently prevents the credit…
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
