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Committee advances bill to extend aviation tax-credit sunset to 2036
Summary
The Committee on Commerce, Labor and Economic Development voted to pass HB 24-64 favorably, a bill that would push the aviation/aerospace tax-credit program’s sunset from Dec. 31, 2026, to Dec. 31, 2036. The bill preserves existing credit mechanics and reporting requirements, lawmakers said.
The Committee on Commerce, Labor and Economic Development voted to pass HB 24-64 favorably out for passage after a brief explanation from a committee witness. Chairman Tarwater called the bill up for discussion and Revise Reimer summarized the measure.
Reimer said the bill does not change who qualifies for credits or how the credits are calculated; "this bill extends the sunset for the aviation tax credit program," he said, explaining the program currently expires on Dec. 31, 2026,…
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