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HI SB662
Bill
Status
Engrossed
2/22/2021
Primary Sponsor
Gil Keith-agaran
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AI Summary
- Requires any income tax credit established or renewed after December 31, 2021, to include either a five-year sunset date or a gradual reduction mechanism.
- Credits that do not sunset after five years must instead reduce by one-third annually over a three-year period beginning in the sixth year.
- Applies to new income tax credits and renewals of existing credits after the effective date.
- Takes effect on July 1, 2021.
Legislative Description
Relating To Tax Credits.
Sunset
Last Action
Carried over to 2022 Regular Session.
12/10/2021
Committee Referrals
Economic Development2/23/2021
Ways and Means2/10/2021
Judiciary1/27/2021
Full Bill Text
No bill text available