SB 917 Raises the fee that the Department of Economic Development may charge for issuing certain tax credits from 2.5% to 5%
Sponsor: Richard
LR Number: 6185S.01I Fiscal Note available
Committee: Jobs, Economic Development and Local Government
Last Action: 3/13/2014 - Second Read and Referred S Jobs, Economic Development and Local Government Committee Journal Page: S567
Title: Calendar Position:
Effective Date: August 28, 2014

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Current Bill Summary


SB 917 - Currently, the Department of Economic Development may collect a fee for issuance of certain tax credits. The amount collected cannot exceed 2.5% of the amount of the tax credit. The fees collected are deposited into the Economic Development Advancement Fund. This act raises the amount that may be collected to 5% of the amount of the tax credit.

This act is similar to HB 2030 (2014).

MIKE HAMMANN