SB 355
Modifies provisions relating to the New Business Facility Tax Credit
LR Number:
Last Action:
3/26/2019 - Voted Do Pass S Economic Development Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2019

Current Bill Summary

SB 355 - Current law provides a tax credit for the establishment of new business facilities, which include certain requirements for new business facility investments. This act modifies the definition of "new business facility investment" to include property acquired by purchase, lease, or license, including the right to use software and hardware via on-demand network access to a shared pool of configurable computing resources.

This act is identical to HB 560 (2019) and HB 1143 (2019), and to a provision contained in HCS/SB 68 (2019).



No Amendments Found.