Committee hears HB2757 to repeal dozens of income tax credits, alters HPIP and extends angel investor credit
The Committee on Commerce, Labor and Economic Development heard testimony on HB2757, which would repeal many income tax credits, change eligibility and transfer rules in the High Performance Incentive Program (HPIP), and extend the angel investor and aviation-related employment tax credits. The fiscal note projects a $170.1 million reduction in state general fund revenue in 2028; supporters and opponents urged amendments on ESOP transferability and retaining certain charitable and residential accessibility credits.
