- Committee -

SCS/SB 291 - This act creates a tax credit against the private car ad valorem tax. The act enables a freight line company to have a credit equal to the amount of eligible expenses incurred during the immediately preceding calendar year against this tax. The term "eligible expenses" is defined as those incurred in the state to maintain to improve a freight line company's qualified rolling stock. The state will reimburse any political subdivision losing revenue as a result of this act.

JEFF CRAVER