SB 917 - Richard, Ron
Raises the fee that the Department of Economic Development may charge for issuing certain tax credits from 2.5% to 5%
Bill Details
Sponsor
LR Number
6185S.01I
Title
SB 917
House Handler
N/A
Journal Page
Effective Date
August 28, 2014
Current Status
Second Read and Referred S Jobs, Economic Development and Local Government Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 917 - Currently, the Department of Economic Development may collect a fee for issuance of certain tax credits. The amount collected cannot exceed 2.5% of the amount of the tax credit. The fees collected are deposited into the Economic Development Advancement Fund. This act raises the amount that may be collected to 5% of the amount of the tax credit.
This act is similar to HB 2030 (2014).
MIKE HAMMANN