Introduced
by
To revise details of the refundable tax credits for “anchor” companies signed into law two months 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 Commerce and Tourism
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
