SB 709 – Allows the Wine and Grape Tax Credit to be used for used equipment and caps the credit at one million dollars annually

• Sponsor: Parson
• LR Number: 4847S.01I
• Committee: Jobs, Economic Development and Local Government
• Last Action: 3/2/2016 - Hearing Conducted S Jobs, Economic Development and Local Government Committee
• Effective Date: August 28, 2016

Current Bill Summary

SB 709 - This act allows used equipment to qualify for the Wine and Grape Tax credit. The tax credit is also capped at $1 million annually beginning August 28, 2016.

This act is identical to HB 506 (2015) and SB 293 (2015).

DOMENIC SITA