SB 1878: Capital Investment Tax Credit
GENERAL BILL by Gruters
Capital Investment Tax Credit; Providing a credit against the corporate income tax, the sales and use tax, or a stated combination of the two taxes to a qualifying business that establishes a qualifying project for the creation of intellectual property which meets a certain capital investment threshold; specifying the calculation of the credit; authorizing use of the credit or portions of the credit by the business or members of its affiliated group of corporations; authorizing use of the credit within a certain timeframe, etc.
Effective Date: 7/1/2022
Last Action: 3/14/2022 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Last Action: 3/14/2022 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Finance and Tax (FT)
- Appropriations (AP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/10/2022 | Senate |
• Filed |
| 1/12/2022 | Senate |
• Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 162 |
| 1/18/2022 | Senate |
• Introduced -SJ 162 |
| 1/19/2022 | Senate |
• On Committee agenda-- Commerce and Tourism, 01/24/22, 3:00 pm, 110 Senate Building |
| 1/24/2022 | Senate |
• Favorable by Commerce and Tourism; YEAS 8 NAYS 1 -SJ 217 |
| 1/25/2022 | Senate |
• Now in Finance and Tax |
| 3/12/2022 | Senate |
• Indefinitely postponed and withdrawn from consideration |
| 3/14/2022 | Senate |
• Died in Finance and Tax |