Introduced by Sen. Kenneth Horn (R) on August 25, 2021
To authorize a new corporate subsidy program that would let certain businesses and developers keep (and require the state to forego) up to $300 million of the income tax withheld from their employees’ paychecks. Officials in the state agency in charge of delivering subsidies to business owners they select could approve up to 40 new subsidy deals each year through 2026. Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on August 25, 2021