establishing tax credits for qualifying small businesses against documented tariff-related costs.

Summary

The bill would have given qualifying small manufacturers and other small firms a non‑refundable credit equal to 25% of verified tariff‑related expenses, up to $7,500 per year, with a statewide limit of $8 million. Businesses would apply by March 31 after the tax year, could carry forward unused credit for three years, and the Department of Revenue would administer and audit the program. The measure was declared Inexpedient to Legislate and did not pass.

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