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 HB 2647 (2022), SB 418 (2021), and to a provision in CCS/SS/SCS/HCS/HB 1720 (2022) and 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.