2008 Senate Bill 1269

Authorize tax break for Hemlock Semiconductor

Introduced in the Senate

April 17, 2008

Introduced by Sen. Jason Allen (R-37)

To grant a refundable business tax break based on the price it pays for electricity to the Hemlock Semiconductor company and perhaps other producers of polycrystalline silicon used in solar cells and semiconductor chips. Refundable means that if the value of the tax credit exceeds what the company owes, the state would write it a check for the difference.

Referred to the Committee on Commerce and Tourism

April 23, 2008

Reported without amendment

With the recommendation that the bill pass.

April 24, 2008

Amendment offered by Sen. Nancy Cassis (R-15)

To reduce the value of the proposed tax credit by 25 percent, and reduce it another 10 percent for each 10 percent increment of electricity the firm uses compared to the amount that is projected.

The amendment failed by voice vote

Passed in the Senate 35 to 2 (details)

Received in the House

April 24, 2008

Referred to the Committee on Energy and Technology