HB 506 Allows the Wine and Grape Tax Credit to be used for used equipment and caps the credit at one million dollars annually

Current Bill Summary

- Prepared by Senate Research -

SCS/HB 506 - This act allows used equipment to qualify for the Wine Producer and Grape Grower Tax credit. The tax credit is also capped at $300,000 annually beginning January 1, 2016. A six year sunset is placed on the tax credit program.

This act is similar to SB 293 (2015).

MIKE HAMMANN

Go to Main Bill Page  |  Return to Summary List  |  Return to Senate Home Page