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1996 SESSION

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HB 1454 Coalfield employment enhancement tax credit.

Introduced by: C. Richard Cranwell | all patrons    ...    notes | add to my profiles

SUMMARY:

Coalfield employment enhancement tax credit. Increases the tax credit and alters the allocation of the credit among coals mined from seams of different thicknesses. This credit is only effective for tax years beginning January 1, 1996, through December 31, 2000. The amount of a person's tax credit redeemed by the Tax Commissioner at 90 percent of their face amount. The 10 percent balance shall be paid to the Coalfields Economic Development Authority to be used for regional economic diversification.


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