2021 Senate Bill 615

Authorize $300 million more in state business owner subsidies

Introduced in the Senate

Aug. 25, 2021

Introduced by Sen. Ken Horn (R-32)

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.

Referred to the Committee on Economic and Small Business Development

Nov. 3, 2021

Reported without amendment

With the recommendation that the bill pass.