2012 House Bill 6047

Authorized “bio-based” product maker tax breaks

Introduced in the House

Nov. 28, 2012

Introduced by Rep. Jim Ananich (D-49)

To authorize tax breaks worth up to $12 million for a corporation or corporations that open or expand a plant to make products containing at least 25 percent “bio-based content” as defined in the bill. A firm could “carry forward” these tax breaks and use them against future tax liabilities for up to 10 years.

Referred to the Committee on Tax Policy