- Introduced -

SB 7 - This act establishes an Economic and Historical Development Commission within the Department of Economic Development to allocate funds for the various tax credits of the state. The commission will annually allocate an amount to each tax credit which shall be that tax credits maximum aggregate cap for the next year. The amount to be allocated will be equal to 1% of total general revenue collections. The "circuit breaker" property tax credit is not limited by this allocation process.

JEFF CRAVER