Income Tax – Business and Economic Development Tax Credits – Termination, Alteration, and Evaluation
What this bill does
Repealing certain provisions of law authorizing and governing a credit against the State income tax for certain expenses incurred for certain cellulosic ethanol technology research and development activities; prohibiting the Secretary of Commerce from designating or expanding certain enterprise zones and focus areas; requiring the Department of Legislative Services to conduct an evaluation of a State tax credit, exemption, or preference, or an aspect of a State tax credit, exemption, or preferences, under certain circumstances; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.