SB 194 – Extends the date that a business must commence operations to qualify for a business facility tax credit

• Sponsor: Richard
• LR Number: 0794S.02T
• Committee: Jobs, Economic Development and Local Government
• Last Action: 6/22/2015 - Signed by Governor
• Journal Page: S1750-1751
• Effective Date: August 28, 2015
• House Handler: Berry

Current Bill Summary

SB 194 - Currently, certain employee owned businesses may qualify for a tax credit for building a new facility or expanding an existing facility. These business must commence or expand operations by January 1, 2020, to qualify for the tax credit. This act extends the date by which they must commence or expand operations by to January 1, 2025.

This act is identical to HB 468 (2015).

MIKE HAMMANN