|
This bill would
result in a revenue decrease to the General Fund of $256,500 in fiscal year
2026-27 by expanding eligibility and credit limitations for the income tax
credit for major food processing and manufacturing facility expansion for tax
years beginning on or after January 1, 2027. The bill would also result in a
revenue decrease to the Local Government Fund of $13,500 in fiscal year
2026-27.
Additional costs to the Department of Economic and Community Development to
implement the requirements of this legislation can be absorbed within
existing budgeted resources. |