The Superman Building would only be eligible for $5 million in historic tax credits under the House's amended budget.
By Kim Kalunian, WPRO News
Lawmakers spent more than two hours discussing Article 22, a section of the budget that addresses historic tax credits.
The House voted to amend the article by lifting the $12 million aggregate cap on total tax credits granted annually, but kept the $5 million cap per project.
Rep. Karen Macbeth submitted a bill that would prevent tax credits from being transferred or sold to another entity, an amendment that failed 67-7.
The representatives had a lengthy debate about a piece of the article that would require those who receive a historic tax credit to use contractors with apprenticeships, a move that some said “reeked of special interest.” Ultimately an amendment to remove this provision was voted down, despite passionate testimony from Rep. Jared Nunes, a contractor who said he is well-versed in apprenticeship programs.
“Why would we listen to an expert?” asked Rep. Joseph Trillo.
He said special interests items often make their way into the budget.
“We’re going to ram it, jam it and slam it through,” he said. “That’s what we do.”
Rep. Patricia Morgan also introduced an amendment related to apprenticeships, this one to ensure that at least 40 percent of those employed in an apprenticeship program be a minority or a veteran. After more passionate testimony in favor of the bill, it also failed, 46-24.
Rep. Trillo introduced an amendment that would mandate all tax credits between $1 million and $5 million be approved by the General Assembly. He said after having been “burned by 38 Studios,” the amendment was simply a way to protect the state.
Majority Leader Nicholas Mattiello said the amendment would hinder economic progress, especially during the General Assembly’s summer recess.
The amendment ultimately failed.
Finally, after roughly two hours of debate, the House approved Article 22 as amended.
