Removes the June 30, 2018, sunset provision and makes permanent reductions to certain income and corporation franchise tax credits. (gov sig) (EN +$12,500,000 GF RV See Note)
Provides relative to the amount of the research and development tax credit and authorizes transferability of the credit under certain circumstances (EN +$300,000 GF RV See Note)
Requires a tax clearance from the Dept. of Revenue for certain licenses, permits, tax resale certificates, and state contracts (EN SEE FISC NOTE GF RV See Note)
Provides for the extent and effectiveness of the state sales and use tax exclusion for sales of gold, silver, or numismatic coins, and platinum, gold, or silver bullion (OR -$400,000 GF RV See Note)
Requires verification of qualified expenditures for certification of certain tax credits by the Dept. of Economic Development (EN +$4,762,000 SG RV See Note)
Excludes from the definition of "business of manufacturing" any taxpayer whose income is primarily derived from the manufacture and sale of cement (OR SEE FISC NOTE GF RV)