House panel picks apart incentives bill

0
762

A House committee on Monday picked apart a proposed lucrative tax incentive for a mystery $1 billion manufacturing plant, zeroing in on a provision that appears to phase out the state's corporate income tax and cost the state millions of dollars.

The House Commerce Committee combed through the details of the bill, questioning the general corporate tax cut, whether the incentive interfered with local government, why it was extended to the company's suppliers and the total cost.

The nearly two-hour hearing saw lawmakers and the deputy secretary of commerce seesaw back and forth over what the bill . . .

SSJ

This content is restricted to subscribers. Click here to subscribe. Already a subscriber? Click here to login.