Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears cleanup, cap increase for economic revitalization zone tax credits (SB 404)
Summary
Sen. James Gray presented SB 404, which raises the aggregate cap on economic revitalization zone tax credits from $825,000 to $1,000,000 and aligns award timing to calendar year; BEA described the changes as housekeeping to modernize the program.
Sen. James Gray (Senate District 6) told the committee SB 404 was requested by the Department of Business and Economic Affairs to make technical changes to the economic revitalization zone tax credit program. Among the changes Gray summarized were an increase in the aggregate credits available from $825,000 to $1,000,000 and a move from a grant year to a calendar-year award schedule.
Bridget Beckwith of the Department of…
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
