Extend Contaminated Land Income Tax Credit

Under current law, on or after January 1, 2014, but prior to January 2025, a taxpayer is allowed a credit against state income tax for an approved environmental remediation of contaminated property. The bill extends the availability of the income tax credit an additional 10 5 years, through income tax years commencing prior to January 1, 2035. January 1, 2030.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)