SB385

SB385

Revises Provisions Relating to Certain Transferable Tax Credits and Certain Tax Abatements. (BDR 32-826)

AN ACT relating to taxation; requiring applicants for certain transferable tax credits and certain tax abatements to agree to a workforce development plan; prescribing the requirements for a program of workforce development implemented under the plan; authorizing the Office of Economic Development to investigate the recipient of certain transferable tax credits and certain tax abatements for compliance with a workforce development plan; requiring the recipient of certain transferable tax credits and certain tax abatements to repay the amount of the credits and abatements if the recipient is not in substantial compliance with the workforce development plan; and providing other matters properly relating thereto.

Sponsors

Legislative History

1. 2025-03-17

   Read first time. Referred to Committee on Revenue and Economic Development. To printer.

2. 2025-03-18

   From printer. To committee.

3. 2025-04-10

   Notice of eligibility for exemption.

4. 2025-04-12

   (Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)

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0000-00-00 · Introduced View source document ↗