SB 1063 - This act reauthorizes a tax credit for eligible expenses incurred in the manufacture, maintenance, or improvement of a freight line company's qualified rolling stock, which expired on August 28, 2020. Such credit shall be reauthorized until August 28, 2028. This act identical to HB 2647 (2022), SB 418 (2021), and to a provision in CCS/SS/SCS/HCS/HB 1720 (2022) and SS/SCS/SB 354 (2021), and is substantially similar to SB 1081 (2020) and to a provision contained in HCS/SCS/SB 616 (2020) and SB 454 (2019).
JOSH NORBERG