Modifies the major economic growth attraction program, including tax credit provisions and repayment requirements.

This bill modifies the major economic growth attraction program by altering tax credit provisions and repayment requirements. It specifies that if a business sells or disposes of land, buildings, or structures within a certain timeframe, it must repay a portion of the tax credit. The bill also defines "qualifying transferee" and "prohibited activity" and sets out requirements for the transferability of a tax credit certificate.

Modifies the major economic growth attraction program, including tax credit provisions and repayment requirements.

This bill modifies the major economic growth attraction program by altering tax credit provisions and repayment requirements. It specifies that if a business sells or disposes of land, buildings, or structures within a certain timeframe, it must repay a portion of the tax credit. The bill also defines "qualifying transferee" and "prohibited activity" and sets out requirements for the transferability of a tax credit certificate.