Introduced
by
To require the Department of Treasury to report to the legislature each year on the activities of the department related to the treatment of state tax credits based on federal “new markets tax credits,” as proposed by Senate Bills 541 to 543, and House Bills 6429 to 6431. “New markets tax credits” is a program that subsidizes capital investments or loans to certain business entities or individuals in low-income communities.
Referred to the Committee on Finance
