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Committee considers raising downtown tax-credit cap from $3 million to $5 million in S.327
Economic Development, Housing & General Affairs · February 5, 2026
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Summary
Members discussed Section 2 of S.327, which would raise the annual cap on downtown tax credits from $3 million to $5 million; staff said demand regularly exceeds awards and the committee noted the proposal is not included in the governor’s budget.
The Economic Development, Housing & General Affairs committee on Feb. 4 reviewed Section 2 of S.327, which proposes increasing the cap on downtown tax credits from $3,000,000 to $5,000,000. Alex, a bill presenter, told members that administrations in prior years had proposed the same increase but the governor’s…
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