HB2771 Summary

• Extends the deadline for preapproval of qualified facility tax credits from December 31, 2022 to December 31, 2030, allowing more businesses to qualify for income tax credits related to capital investments and job creation.

• Modifies the capital investment eligibility window from investments made on or after July 1, 2012 to investments made not more than 36 months before submitting an application for preapproval.

• Extends the deadline for claiming tax credits under the renewable energy investment section (for international operations centers) from December 31, 2018 to December 31, 2030, and restricts new international operations centers certified after December 31, 2018 from claiming these renewable energy credits.

• Makes technical corrections to language regarding employment positions, including changing references from "at the qualified facility" to "that has job duties associated with" the facility.

• Extends the repeal date of sections 41-1512, 43-1083.03, and 43-1164.04 from December 31, 2023 to December 31, 2031.