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AR HB1421
Bill
Status
3/25/2011
Primary Sponsor
Mike Patterson
Click for details
AI Summary
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Updates the definition of "economically distressed area" to use 2010 Census income data instead of 2000 Census data for determining poverty level thresholds.
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Expands the geographic qualification requirement from within 5 miles to within 30 miles of a national scenic byway for geotourism tax credit eligibility.
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Increases the maximum annual geotourism tax credit investment amount from $100,000 to $250,000 per tax year.
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Extends the expiration date of the Delta Geotourism Incentive Act from the end of tax year 2016 to the end of tax year 2021.
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Changes the effective date for the act from January 1, 2009 to January 1, 2011.
Legislative Description
To Extend The Expiration Date Of The Delta Geotourism Incentive Act Of 2007 And To Increase The Maximum Geotourism Income Tax Credit.
Last Action
House Notification that HB1421 is now Act 738
3/25/2011