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You are here: Home / News / DED Accepts Tax Credit Program Reduction Recommendations

DED Accepts Tax Credit Program Reduction Recommendations

January 11, 2002 By admin Leave a Comment

The Department of Economic Development has released a report recommending a reduction of $7.7-million in costs associated with several of its tax credit programs. The recommendations follow a directive from Governor Bob Holden to cut $7.5-million from the cost of tax credit programs. DED administers 31 tax credit programs, which are estimated to cost $220-million in the current fiscal year. Recommendations include the complete elimination of funding for two programs this fiscal year – $400,000 for Brownfield Demolition and $350,000 for a New Generation Co-op program.

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Filed Under: News Tagged With: Bob Holden, Department of Economic Development

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