2020 House Bill 5821

Create new selective subsidy program

Introduced in the House

May 28, 2020

Introduced by Rep. Ronnie Peterson (D-54)

To authorize giving $25 million worth of individual and business tax credits equal to 50 percent of the amount a taxpayer contributes to the “community investment pilot program” proposed by House Bill 5820, which could be used against future year tax liabilities if the amount exceeds a person’s tax bill for the current year.

Referred to the Committee on Commerce and Tourism