Bill Status of SB1864 102nd General Assembly
Short Description: EDGE CREDIT-JOB REQUIREMENTS
Sen. Jason A. Barickman and Scott M. Bennett
| 5/7/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that, upon the issuance of a disaster proclamation by the Governor covering the location of Taxpayer that is party to an Agreement, the Department of Commerce and Economic Opportunity may modify or restructure the Agreement in a manner that includes, but is not limited to, the temporary modification of the job creation or retention requirements of the Agreement to provide that the Taxpayer will not be considered to be out of compliance with the Agreement so long as the Taxpayer maintains at least 85% of the job creation and retention requirements of the Agreement or a lesser percentage that the Department determines is warranted by the Taxpayer's particular circumstances. Effective immediately.
|Date||Chamber|| Action|| 2/26/2021||Senate||Filed with Secretary by Sen. Jason A. Barickman|| 2/26/2021||Senate||First Reading|| 2/26/2021||Senate||Referred to Assignments|| 3/16/2021||Senate||Assigned to Revenue|| 4/15/2021||Senate||Added as Co-Sponsor Sen. Scott M. Bennett|| 4/16/2021||Senate||Rule 2-10 Committee Deadline Established As April 23, 2021|| 4/23/2021||Senate||Rule 2-10 Committee/3rd Reading Deadline Established As April 30, 2021|| 4/30/2021||Senate||Rule 2-10 Committee/3rd Reading Deadline Established As May 7, 2021|| 5/7/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|