SB 1063
Extends the sunset on the rolling stock tax credit
Sponsor:
LR Number:
5212S.01I
Last Action:
5/11/2022 - Formal Calendar S Bills for Perfection
Journal Page:
Title:
Calendar Position:
15
Effective Date:
August 28, 2022

Current Bill Summary

SB 1063 - 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, 2028.

This act identical to SB 418 (2021) and to a provision contained in SS/SCS/SB 354 (2021), and 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.