2014 House Bill 5435

Authorize state tax break for federal “new markets tax credits”

Introduced in the House

March 27, 2014

Introduced by Rep. David Knezek (D-11)

To authorize a state income tax credit based on a taxpayer’s investment in an entity eligible for a federal “new markets tax credit,” which is a program that subsidizes capital investments or loans to certain business entities or individuals in low-income communities.

Referred to the Committee on Tax Policy