SB 684: Economic Development
GENERAL BILL by Ring
Economic Development; Requiring the Department of Economic Opportunity to designate a director of manufacturing; amending provisions relating to a tax credit program for capital investment by certain qualifying businesses; requiring a capital investment of at least $10 million as a criteria for a qualified project; providing tax credits for qualifying businesses that are located out of state; providing that a capital investment of a specified amount qualifies a target industry business for the tax refund; creating the Manufacturing Capital Investment Tax Refund Program within the Department of Economic Opportunity; providing for amounts of capital investments for certain manufacturing businesses that are eligible for tax refunds; providing for the application and approval process for qualified projects; authorizing the Division of Strategic Business Development in the Department of Economic Opportunity to adopt rules, etc.
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
- Commerce and Tourism (CM)
- Budget (BC)
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Bill History
Date Chamber Action 10/26/2011 Senate • Filed
11/16/2011 Senate • Referred to Commerce and Tourism; Budget -SJ 58
1/10/2012 Senate • Introduced -SJ 58
3/9/2012 Senate • Died in Commerce and Tourism
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SB 684, Original Filed Version (Current Bill Version) Posted 10/26/2011 at 8:50 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 507 Economic Development Ray Identical Last Action: 3/9/2012 H Died in Business and Consumer Affairs Subcommittee
Location: In committee/council (BCAS)
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 220.191 Capital investment tax credit. Page 2 (pdf) 288.106 Tax refund program for qualified target industry businesses. Page 11 (pdf) 288.1084 Page 12 (pdf)