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SB 3169

Economic development incentives; repeal/remove certain credits, exemptions and payments overlapping with mFlex.

2025 Regular Session Introduced by Josh Harkins and 1 co-sponsor

Repeal overlapping economic development incentives with the mFlex program to reduce duplicative credits, streamline administration, and tighten fiscal planning.

Died In Committee
#finance #waysandmeans
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Bill Summary · SB 3169

SB 3169 — Economic development incentives; repeal/remove certain credits, exemptions and payments overlapping with mFlex

Status: Died In Committee

Introduced: February 24, 2025
Subject: Finance, Ways and Means

Quick overview

SB 3169 seeks to repeal or remove certain economic development incentives—specifically credits, exemptions, and payments—that overlap with the mFlex program. The bill aims to reduce duplicative incentives and streamline fiscal policy related to economic development programs.

Purpose and intent

  • Targeted goal: Eliminate or repeal economic development incentives that duplicate or overlap with the state’s mFlex program.
  • Policy aim: Improve efficiency and coherence in the incentive landscape, potentially reducing overlapping benefits that could erode fiscal controls or lead to confused program administration.

Key provisions (as described by the bill’s title)

  • Repeal or removal of certain credits, exemptions, and payments that overlap with mFlex.
  • The exact credits, exemptions, or payments affected are not specified in the available materials; the bill’s text would define the precise provisions to be repealed or removed.
  • Overlapping incentives would be addressed to align with or avoid duplication of the mFlex framework.

Who would be affected

  • Businesses and taxpayers currently claiming or planning to claim the overlapping economic development incentives.
  • Agencies administering economic development programs (likely including tax/finance and deliberative bodies such as Ways and Means).
  • The mFlex program administration could be impacted by changes to overlapping incentives, simplifying or narrowing eligible benefits.

Procedural history and timeline

  • 2025-02-24: Referred to Finance
  • 2025-02-25: Title Sufficiency Do Pass
  • 2025-02-26: Passed
  • 2025-02-27: Transmitted to House
  • 2025-02-28: Referred to Ways and Means
  • 2025-03-18: Died In Committee

Potential impact (as of available information)

  • Fiscal: Could reduce duplicative tax credits, exemptions, and payments, potentially affecting state revenue and budget planning related to incentive programs.
  • Regulatory: Would streamline the incentive landscape by removing overlapping provisions, potentially simplifying compliance and administration.
  • Economic development: In the absence of the bill’s text, it is unclear which programs would be discontinued or modified beyond the concept of removing overlaps with mFlex; overall impact would depend on which incentives are repealed and how recipients adjust.

Notes

  • The available materials do not include the bill text, so specific credits or exemptions affected are not identified here.
  • The bill did not advance past committee, so no substantive changes would take effect unless reintroduced and enacted in a future session.

Compiled from official sources — confirm details with the bill’s official record.

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