SB 615 - Silvey, Ryan
Creates a limit for the total amount of tax credits that may be authorized in a fiscal year
Bill Details
Sponsor
LR Number
4918S.01I
Title
SB 615
House Handler
N/A
Journal Page
Effective Date
Emergency clause
Current Status
Second Read and Referred S Jobs, Economic Development and Local Government Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 615 - This act places a cap on the total amount of tax credits that may be authorized in a fiscal year. For FY 2017, the cap is $575 million. The cap will be reduced by 3% in each of the following five fiscal years. Thereafter, the cap will be adjusted in accordance with the percent changes in general revenue collections.
This act contains an emergency clause.
This act is identical to SB 507 (2015).
DOMENIC SITA