SB 39 - Silvey, Ryan
Places a cap on the annual cumulative amount of tax credits authorized
Bill Details
Sponsor
LR Number
0543S.01I
Title
SB 39
House Handler
N/A
Journal Page
Effective Date
August 28, 2017
Committee
Current Status
Second Read and Referred S Economic Development Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 39 - This act places a cap on the total amount of tax credits that may be authorized in a fiscal year. For the fiscal year beginning on July 1, 2017, the cap is $575 million. The cap will be reduced by three percent in each of the following five fiscal years. Thereafter, the cap will be adjusted in accordance with the percent change in general revenue collections.
This act contains an emergency clause.
This act is identical to SB 615 (2016) and SB 507 (2015).
JOSHUA NORBERG