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Senate Bill 0228


Senate Bill 0228

ARCHIVE (2004)

Latest Information

 

DIGEST OF INTRODUCED BILL


New generation tax credit. Provides that the commission for agricultural and rural development may certify taxpayers that invest in certain agricultural businesses as producer members. Provides that a producer member is eligible for a tax credit equal to the lesser of: (1) 50% of the producer member's investment; or (2) $15,000. Limits the annual amount of credits available to certain capital projects. Requires the department of state revenue to determine a method to allocate credits among producer members.
    Current Status:
     In Committee - first House
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