SB 418
Extends the sunset on the rolling stock tax credit
Sponsor:
LR Number:
1954S.02I
Committee:
Last Action:
1/21/2021 - S First Read
Journal Page:
Title:
Calendar Position:
18
Effective Date:
August 28, 2021

Current Bill Summary

SB 418 - This act reauthorizes a tax credit for eligible expenses incurred in the manufacture, maintenance, or improvement of a freight line company's qualified rolling stock, which expired on August 28, 2020. Such credit shall be reauthorized until August 28, 2027.

This act is substantially similar to SB 1081 (2020) and to a provision contained in HCS/SCS/SB 616 (2020) and SB 454 (2019).

JOSH NORBERG

Amendments

No Amendments Found.