SB 1141
Modifies provisions relating to the new business facilities tax credit
LR Number:
Last Action:
4/12/2022 - SCS Voted Do Pass S Economic Development Committee (5570S.02C)
Journal Page:
Calendar Position:
Effective Date:
August 28, 2022

Current Bill Summary

SCS/SB 1141 - Current law authorizes a tax credit for a 10-year period for businesses that establish a headquarters in the state, with an additional possible 10-year period if certain conditions are met. This act allows for a further additional 10-year period conditional on such conditions being met. (Section 135.110)

Current law also provides that such tax credit shall only be available for headquarters that commence operations on or before December 31, 2024. This act extends such date to December 31, 2030. (Section 135.155)

This act is substantially similar to HB 2754 (2022) and to a provision in SS/HB 2400 (2022).



No Amendments Found.