Modifies a provision relating to a tax credit for new business facilities

Summary

The measure changes the state's tax credit rules for new business facilities, limiting credits for headquarters after a future date and allowing certain headquarters expansions to qualify as separate facilities if they meet employee and investment thresholds. It also treats multiple non‑contiguous buildings in the same county or municipality as a single facility for credit purposes. The changes would affect companies seeking the credit and could alter where they locate or expand operations.

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