This bill modifies the tax credit review cycle for income tax credits.
This bill:
- exempts the income tax credit for taxes paid to another state from periodic review by the Revenue and Taxation Interim Committee (the committee);
- repeals an expired review requirement;
- aligns the timing of the committee's review of the income tax credit allowed for purchases of motor fuel used in agriculture with the timing for reviewing other income tax credits; and
- makes technical changes.
Recommended by: Revenue and Taxation Interim Committee

Statutes affected:
Introduced: 59-10-137, 59-10-1403.3, 59-13-202, 63I-2-259, 59-7-614.10, 59-10-1037