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CS/CS/HB 293: Corporate Income Tax Credit

GENERAL BILL by Policy & Budget Council ; Economic Expansion & Infrastructure Council ; Weatherford ; (CO-INTRODUCERS) Attkisson ; Coley ; Hasner ; Holder ; Precourt ; Reagan ; Richter ; Roberson, Y ; Schenck

Corporate Income Tax Credit; Creates New Markets Tax Credit Program; provides for qualification & sale of investments that provide tax credits; provides for nonrefundable, nontransferable tax credit for taxable year in which credit allowance date falls; provides for calculating credit amount; limits amount of tax credit; provides for carryover of tax credits; provides for redemption of tax credits; provides for calculation of amount of tax credits available, etc.

Effective Date: 07/01/2008
Last Action: 5/2/2008 Senate - Died in Messages
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
11/26/2007 House • Filed
12/12/2007 House • Referred to Economic Expansion & Infrastructure Council; Policy & Budget Council
1/3/2008 House • Referred to Economic Development (EEI) by Economic Expansion & Infrastructure Council
3/4/2008 House • Introduced, referred to Economic Expansion & Infrastructure Council; Policy & Budget Council -HJ 00028; Referred to Economic Development (EEI) by Economic Expansion & Infrastructure Council -HJ 00129; On Committee agenda-- Economic Development (EEI), 03/06/08, 1:45 pm, Reed Hall
3/6/2008 House • Favorable with 1 amendment(s) by Economic Development (EEI); YEAS 10 NAYS 0 -HJ 00214
3/7/2008 House • Now in Economic Expansion & Infrastructure Council -HJ 00214
4/4/2008 House • On Council agenda-- Economic Expansion & Infrastructure Council, 04/08/08, 1:00 pm, 404-H
4/8/2008 House • CS by Economic Expansion & Infrastructure Council; YEAS 11 NAYS 3 -HJ 00493
4/10/2008 House • CS read 1st time on 04/10/08 -HJ 00488; CS filed
4/13/2008 House • Now in Policy & Budget Council -HJ 00514
4/14/2008 House • On Council agenda-- Policy & Budget Council, 04/14/08, 3:15 pm, 212-K --Not considered; On Council agenda-- Policy & Budget Council, 04/15/08, 9:00 am, 212-K
4/15/2008 House • CS/CS by- Policy & Budget Council; YEAS 33 NAYS 0 -HJ 00681
4/18/2008 House • CS read 1st time on 04/18/08 -HJ 00673; CS filed
4/23/2008 House • Placed on Calendar -HJ 00786
4/25/2008 House • Placed on Special Order Calendar; Read 2nd time -HJ 00943; Amendment(s) adopted -HJ 00943
4/30/2008 House • Read 3rd time -HJ 01230; CS passed as amended; YEAS 117 NAYS 2 -HJ 01231
4/30/2008 Senate • In Messages
5/2/2008 Senate • Died in Messages