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)

Statutes affected:
SB3125: 235-2.4, 235-51, 235-55.6
SB3125 SD1: 235-51, 235-55.6, 235-12.5, 235-110.7, 235-110.9, 235-110.32, 235-110.51, 235-110.65
SB3125 SD1 PROPOSED: 235-51, 235-55.6, 235-12.5, 235-110.7, 235-110.9, 235-110.32, 235-110.51, 235-110.65
SB3125 HD1: 235-51, 235-55.6, 235-12.5
SB3125 CD1: 235-12.5, 235-51, 235-110.7, 235-110.32, 235-110.9, 235-110.51
SB3125 CD2: 235-12.5, 235-51, 235-110.7, 235-110.32, 235-110.9, 235-110.51