Added as Co-Sponsor Sen. David Koehler
Summary
The bill repeals the construction jobs credit and the high‑impact business construction jobs credit for future tax years, changes how business interest and research deductions are calculated, and updates a range of use‑tax statutes. It also sets new criteria for designating "High Impact Businesses" that can qualify for special treatment, and modifies incentives for biodiesel and renewable diesel. These changes affect corporations, developers, and fuel producers that currently rely on the affected credits and deductions.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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