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SF2506

A bill for an act relating to matters under the purview of the economic development authority, the utilities commission, and the department of education, including creation of the headquarters expansion and development for growth and employment program, and the business incentives for growth program training fund; repeal of the new jobs tax credit program; the major economic growth attraction program; load forecasting and analysis of electric transmission system expansion plans; creation of the electric transmission system expansion planning and analysis and load forecasting fund; the industrial new jobs training program; establishing the new jobs training program interim study committee; the research activities credit; and including effective date provisions.(Formerly SF 2301, SSB 3103.)

Introduced·5/1/26
Introduced Text

Establishes the Headquarters Expansion and Development for Growth and Employment Program, creates a business incentives fund, and repeals the new.

The bill creates the Headquarters Expansion and Development for Growth and Employment Program (EDGE Program) to provide tax incentives to eligible businesses. It defines eligibility criteria for businesses, including having a global presence and a significant proportion of in-state suppliers. The economic development authority (EDA) can negotiate the terms and value of tax incentives with eligible businesses. The bill also establishes a business incentives for growth program training fund to reimburse training expenses for eligible businesses.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

0
0
Democratic CaucusRepublican Caucus

Roll Call Votes

Senate Ways And Means Report

15 Yea

RRRDRRDRRRRRDDD

0 Nay

3 Absent

RDR

History

May 3

Senate

Attached to HF 2799. S.J. 1002.

May 3

Senate

Amendment S-5259 filed, adopted. S.J. 1008.

May 3

Senate

HF 2799 substituted. S.J. 1008.