The bill aims to provide tax credits for certain activities or investments. It includes provisions to incentivize specific behaviors, such as renewable energy production, research and development projects, or affordable housing initiatives. The bill proposes changes to the current tax code to encourage these activities by offering tax breaks to individuals or businesses engaging in them. If passed, this bill could lead to increased participation in targeted sectors and potentially stimulate economic growth in those areas.
2023-01-25: Introduced and Pass First Reading.
2023-01-30: Referred to ECD, FIN, referral sheet 3
2023-02-06: Bill scheduled to be heard by ECD on Wednesday, 02-08-23 10:15AM in House conference room 423 VIA VIDEOCONFERENCE.
2023-02-08: The committee(s) on ECD recommend(s) that the measure be deferred.
2023-12-11: Carried over to 2024 Regular Session.
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