SB 418 - Crawford, Sandy
Extends the sunset on the rolling stock tax credit
Bill Details
Sponsor
Crawford, Sandy
LR Number
1954S.02I
Title
SB 418
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2021
Committee
Current Status
Hearing Conducted S Economic Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 418 - 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, 2027.
This act identical 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