Income Tax; Income Tax Brackets; Income Tax Rates; Renewable Energy Technologies Income Tax Credit; Capital Goods Excise Tax Credit; High Technology Business Investment Tax Credit; Renewable Fuels Production Tax Credit; Technology Infrastructure Renovation Tax Credit; Tax Credit for Research Activities; Repeal
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
PART I: Repeals certain future adjustments to income tax brackets. Changes income tax rates. Amends the Renewable Energy Technologies Income Tax Credit by adding an aggregate cap amount, setting income thresholds, adding a certification requirement, and adding a sunset date. Adds sunset dates to the Capital Goods Excise Tax Credit and Renewable Fuels Production Tax Credit. PART II: Beginning 1/1/2028, repeals the Technology Infrastructure Renovation Tax Credit. Beginning 1/1/2029, repeals the High Technology Business Investment Tax Credit and Tax Credit for Research Activities. (CD2)
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Document of record
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- SB3125 .PDF file
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Sponsors
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1 on record
Primary sponsor
Kouchi (introduced By Request Of Another Party)
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