THE SENATE
Senator Donovan M. Dela Cruz, Chair |
Senator Gilbert S.C. Keith-Agaran, Vice Chair |
THE STATE CAPITOL IS CLOSED TO THE PUBLIC DURING THE ONGOING COVID-19 PANDEMIC
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DECISION MAKING ON THE FOLLOWING MEASURE(S):
RELATING TO THE IMPORTANT AGRICULTURAL LAND QUALIFIED AGRICULTURAL COST TAX CREDIT. Clarifies that a taxpayer can claim the important agricultural land qualified agricultural cost tax credit in the third taxable year after application for first-year certification of the credit, rather than in any taxable year following the taxable year in which qualified agricultural costs were incurred. Extends the time that the department of agriculture may certify the important agricultural land qualified agricultural costs tax credit from 12/31/2021 to 12/31/2030. (SD1)
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AEN, WAM |
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No testimony will be accepted.
FOR AMENDED NOTICES: Measures that have been deleted are stricken through and measures that have been added are underscored. If a measure is both underscored and stricken through, that measure has been deleted from the agenda.
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