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House Bill 1880


House Bill 1880

ARCHIVE (2003)

Latest Information

 

DIGEST OF HB1880 (Updated March 4, 2003 5:10 PM - DI 84)


Voluntary remediation tax credit. Makes the voluntary remediation tax credit available to a taxpayer irrespective of whether the taxpayer is participating in the state voluntary remediation program and irrespective of whether the property is located in a brownfield revitalization zone. Consolidates into a single resolution the determinations required of the legislative body to allow the credit. Provides that the credit does not apply to the extent that the taxpayer uses state financial assistance for the remediation. Allows carryback of a credit to the immediately preceding taxable year. Extends the credit for taxable years through 2005.
Current Status:
 In Committee - 2nd House
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