LD1275

This bill modifies the renewable chemicals tax credit to eliminate the requirement for contractors' employees to meet eligibility conditions.

This bill amends the law governing the renewable chemicals tax credit by removing the requirement that the taxpayer must demonstrate to the Department of Economic and Community Development that at least 75% of the employees of the contractors hired or retained to harvest renewable biomass meet eligibility conditions. If the taxpayer does not contract directly with those hired or retained to harvest the renewable biomass, the taxpayer may obtain necessary documentation from the landowner or other entity that contracts directly.