Relating to tax credits for business facilities; prescribing an effective date.
Catchline/Summary:
Creates income and corporate excise tax credits for investments in facilities used for manufacturing, siting of headquarters or research. Creates income and corporate excise tax credits for investments in facilities used for manufacturing, siting of headquarters or research. Enhances credit amount for facility that provides environmental benefit.
Applies to tax years beginning on or after January 1, 2024, and before January 1, 2030.
Takes effect on 91st day following adjournment sine die.
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HB 2550 Joint Committee On Tax Expenditures
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