Introduced
by
To revise details of the refundable tax credits for “anchor” companies signed into law eight weeks prior to this bill’s introduction. In addition to other revisions, the bill would clarify that only sales made subsequent to and as a result of the new law would be included in the formula by which this lucrative tax credit is calculated. “Refundable” tax credit means that if the credit exceeds the recipient’s tax liability, the state send the company a check for the difference.
Referred to the Committee on New Economy and Quality of Life
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 107 to 0 (details)
Referred to the Committee on Commerce and Tourism
Reported without amendment
With the recommendation that the bill pass.
