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CS/CS/SB 850: Corporate Income Tax Credits [EPCC]

GENERAL BILL by Community Affairs ; Commerce ; Fasano ; (CO-INTRODUCERS) Crist ; Haridopolos ; Atwater

Corporate Income Tax Credits [EPCC]; Creates the New Markets Tax credit Program. Authorizes the OTTED to develop a list of industries, in consultation with Enterprise Florida, Inc., in which equity investments can be made. Provides for the redemption of tax credits earned by certain business entities and by the partners, members, or shareholders of those entities. Provides for future repeal of the tax credit program, etc.

Effective Date: 07/01/2008
Last Action: 5/2/2008 Senate - Died in Committee on Finance and Tax
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
12/19/2007 Senate • Filed
1/24/2008 Senate • Referred to Commerce; Community Affairs; Finance and Tax; Transportation and Economic Development Appropriations
3/4/2008 Senate • Introduced, referred to Commerce; Community Affairs; Finance and Tax; Transportation and Economic Development Appropriations -SJ 00052
3/13/2008 Senate • On Committee agenda-- Commerce, 03/18/08, 9:00 am, 401-S
3/18/2008 Senate • CS by Commerce; YEAS 9 NAYS 0 -SJ 00288; CS read 1st time on 03/20/08 -SJ 00319
3/20/2008 Senate • Pending reference review under Rule 4.7(2)
3/21/2008 Senate • Now in Community Affairs -SJ 00288
4/4/2008 Senate • On Committee agenda-- Community Affairs, 04/09/08, 4:00 pm, 412-K --Not considered
4/14/2008 Senate • On Committee agenda-- Community Affairs, 04/17/08, 2:00 pm, 412-K
4/17/2008 Senate • CS/CS by Community Affairs; YEAS 10 NAYS 0 -SJ 00753; CS read 1st time on 04/23/08 -SJ 00756
4/21/2008 Senate • Pending reference review under Rule 4.7(2); On Committee agenda-- Finance and Tax, 04/22/08, 10:00 am, 301-S --Not received
5/2/2008 Senate • Died in Committee on Finance and Tax