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Joint Tax Expenditures: Friday, May 5, 2023

The committee held a hearing on a proposal to revive the state's research and development tax credit.

Hearing Summary

On Friday, the committee held public hearings on a tax credit for small forestland owners and a proposal to restore the research and development tax (R&D) tax credit as part of the state's efforts to attract new semiconductor investments. The committee also held a public hearing to consider amendments to a bill to enhance a tax credit for woodland owners impacted by the private forest accord enacted in 2021.

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