Bill
Bill > S2624
summary
Introduced
02/13/2026
02/13/2026
In Committee
02/13/2026
02/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would sunset/discontinue the Jobs Development Act rate reduction as of July 1, 2026. This act would take effect upon passage.
AI Summary
This bill will end the rate reduction provided by the Jobs Development Act, which is a program offering tax incentives, by July 1, 2026, meaning no new tax credits under this act can be authorized after June 30, 2026, and any existing rate reductions will also cease by that date, although companies that qualified before July 1, 2015, can maintain their current rate reduction as long as they meet ongoing requirements.
Committee Categories
Labor and Employment
Sponsors (10)
Linda Ujifusa (D)*,
Jonathon Acosta (D),
Sam Bell (D),
Alana DiMario (D),
Lou DiPalma (D),
Dawn Euer (D),
Pam Lauria (D),
Tiara Mack (D),
Melissa Murray (D),
Bridget Valverde (D),
Last Action
Introduced, referred to Senate Labor and Gaming (on 02/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/SenateText26/S2624.pdf |
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