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HB 0069 - "Less Developed Area" Tax Credits - Reporting Requirements
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Tracking Level: Support
Sponsor: Paulette Braddock
Last Action: 1/25/2017 - House Second Readers
House Committee: Ways & Means
Assigned To:
Economic DevelopmentNext Bill
Larry RamseyNext Bill

Staff Analysis of the Legislation

This bill requires the state revenue commissioner to prepare a report regarding the income tax credit for business enterprises in counties designated as less developed areas. That existing program allows higher income tax credits for the least developed counties. The reports called for in this bill are to be made for 2019-2024 and are to specify items such as the number of employers claiming the credit, the number and value of credits, and estimated economic impact.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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