|
This bill includes
a revenue decrease to the General Fund of $38,000 in fiscal year 2026-27 by
removing the eligibility requirement for the renewable chemicals tax credit
that taxpayers must demonstrate to the Department of Economic and Community
Development that at least 75% of the employees of the contractors hired or
retained to harvest renewable biomass used in the production of renewable
chemicals meet the eligibility conditions specified in the Employment
Security Law effective January 1, 2026. The bill also includes a revenue
decrease to the Local Government Fund of $2,000 in fiscal year 2026-27. |