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SB 80: Economic Development

GENERAL BILL by Soto

Economic Development; Providing a corporate tax credit against the state corporate income tax in an amount equal to a specified percentage of the corporation’s payments to a small business providing goods or services to the corporation pursuant to a contract; specifying the amount of the tax credit; prohibiting tax credits from being carried forward or backward or being transferred or sold; providing criminal and administrative penalties for fraudulently claiming tax credits, etc.

Effective Date: 7/1/2014
Last Action: 5/2/2014 Senate - Died in Commerce and Tourism
Location: In committee/council (CM)
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Criminal Justice (CJ)
  3. Appropriations Subcommittee on Finance and Tax (AFT)
  4. Appropriations (AP)



Bill History

Date Chamber Action
8/13/2013 Senate • Filed
8/27/2013 Senate • Referred to Commerce and Tourism; Criminal Justice; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 18
3/4/2014 Senate • Introduced -SJ 18
5/2/2014 Senate • Died in Commerce and Tourism