2008 Senate Bill 1519

Repeal refundability of “anchor company” targeted tax breaks

Introduced in the Senate

Sept. 18, 2008

Introduced by Sen. Nancy Cassis (R-15)

To remove the refundability provision of the “anchor company” tax breaks authorized by Senate Bill 1115 and House Bill 5858. “Refundable” tax credit means that if the credit exceeds the recipient’s tax liability, the state sends the company a check for the difference.

Referred to the Committee on Finance