2006 Senate Bill 1302

Establish no impairment of SBT tax breaks upon repeal

Introduced in the Senate

June 13, 2006

Introduced by Sen. Jud Gilbert (R-25)

To establish that if the Single Business Tax is repealed, a firm that had been promised brownfields tax credits could deduct the amount of the credits from their last SBT payment, and if the credit exceeded the tax liability, the difference would be refunded.

Referred to the Committee on Finance