Modifies provisions relating to tax credits

Summary

The bill pushes back the sunset dates for a variety of existing tax credits—wood‑energy, meat processing, higher‑ethanol fuel, biodiesel, urban farms, rolling stock, agricultural production, and specialty crop credits—from 2028 to 2033. It also adds a non‑refundable railroad infrastructure credit that covers up to 50% of qualified railroad spending, with specific caps and a five‑year carry‑forward provision. Finally, it protects taxpayers from penalties and interest if a qualified credit is denied because the state lacks funds.

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