2306-S AMH STEE KRNG 034

SHB 2306 - H AMD 1092

By Representative Steele

ADOPTED 02/15/2024

On page 2, beginning on line 23, after "Pacific" strike all material through "$250,000" on line 25 and insert "standard time, on December 31st of the same calendar year, the department must allow individual programs to use any remaining credits allowed under subsection (4) of this section. The total credits allowed under this chapter for each program under (a)(i) of this subsection and this subsection (a)(iii) may not exceed $250,000 in a calendar year"

EFFECT: Clarifies that individual Main Street programs may exceed the annual $160,000 credit cap during the fourth quarter of the calendar year up to $90,000 which creates a total cap of $250,000 per Main Street program per calendar year.

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