SB 743 – Requires all tax credit programs created on or after August 28, 2014 to comply with the Tax Credit Accountability Act of 2004

• Sponsor: Schmitt
• LR Number: 4906S.02I
• Committee: Jobs, Economic Development and Local Government
• Last Action: 3/12/2014 - Hearing Conducted S Jobs, Economic Development and Local Government Committee
• Effective Date: August 28, 2014

Current Bill Summary

SB 743 - This act places tax credit programs created by statute on or after August 28, 2014, under the provisions of the Tax Credit Accountability Act of 2004. The Department of Economic Development is required to assign these new tax credit programs to one of the categories of tax credit defined in the act.

This act is similar to SB 63 (2013) and SB 662 (2012).

MIKE HAMMANN