CS/CS/SB 2280: Insurance Premium & Corporate Income Tax Credits [EPCC]
GENERAL BILL by Community Affairs ; Commerce ; Bennett ; (CO-INTRODUCERS) Lynn
Insurance Premium & Corporate Income Tax Credits [EPCC]; creates "New Markets Tax Credit Act"; provides that taxpayer who holds qualified equity investment in qualified low-income business on credit allowance date of investment is entitled to nonrefundable, nontransferable tax credit for taxable year in which credit allowance date falls; authorizes taxpayer to carry over any amount of credit that taxpayer is prohibited from redeeming in taxable year to any subsequent taxable year, etc. Amends FS.
Effective Date: 07/01/2007
Last Action: 5/4/2007 Senate - Died in Committee on Finance and Tax
Bill Text: Web Page | PDF
Last Action: 5/4/2007 Senate - Died in Committee on Finance and Tax
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/27/2007 | Senate |
• Filed |
| 3/15/2007 | Senate |
• Introduced, referred to Commerce; Community Affairs; Finance and Tax; General Government Appropriations -SJ 00151 |
| 3/22/2007 | Senate |
• On Committee agenda-- Commerce, 03/27/07, 9:00 am, 401-S |
| 3/27/2007 | Senate |
• CS by Commerce; YEAS 9 NAYS 0 -SJ 00284; CS read 1st time on 03/29/07 -SJ 00296 |
| 3/29/2007 | Senate |
• Pending reference review under Rule 4.7(2); Now in Community Affairs -SJ 00284 |
| 4/13/2007 | Senate |
• On Committee agenda-- Community Affairs, 04/18/07, 2:15 pm, 412-K |
| 4/18/2007 | Senate |
• CS/CS by Community Affairs; YEAS 9 NAYS 0 -SJ 00544; CS read 1st time on 04/25/07 -SJ 00558 |
| 4/20/2007 | Senate |
• Pending reference review under Rule 4.7(2); Now in Finance and Tax -SJ 00544 |
| 5/4/2007 | Senate |
• Died in Committee on Finance and Tax |