Bill Title: Establishing the transformation of passenger and freight vehicle industry program to attract businesses engaged in electric motor vehicle and hydrogen-powered vehicle production by offering qualified companies that meet certain requirements an investment tax credit, retention of a percentage of total payroll tax, reimbursement of a percentage of eligible employee training and education expenses and a sales tax exemption for construction costs of the qualified company’s qualified business facility.

Spectrum: Committee Bill

Status: (Failed) 2024-04-30 - House Died in Committee [HB2471 Detail]

Text: Latest bill text (Introduced) [PDF]

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