changing the maximum award of tax credits for overpayment of due taxes.

Summary

The bill changes the maximum credit a business can carry forward when it overpays its Business Profits (and Business Enterprise) tax, setting a schedule of percentage caps that decline over time. It mainly impacts businesses that would otherwise receive large credit refunds, reducing those refunds and boosting state net revenue. The change is intended to limit excessive credit carryforwards and improve fiscal stability.

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