SB 195 – Requires all tax credit programs created on or after August 28, 2015, to comply with the Tax Credit Accountability Act of 2004

• Sponsor: Schmitt
• LR Number: 1126S.01I
• Committee: Jobs, Economic Development and Local Government
• Last Action: 1/29/2015 - Second Read and Referred S Jobs, Economic Development and Local Government Committee
• Journal Page: S221
• Effective Date: August 28, 2015

Current Bill Summary

SB 195 - This act places tax credit programs created by statute on or after August 28, 2015 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 substantially similar to SB 743 (2014), SB 63 (2013) and SB 662 (2012).

MIKE HAMMANN