HB 723: Tax Credits for Restaurants with Tipped Employees
GENERAL BILL by Hooper ; (CO-INTRODUCERS) Ford ; Troutman
Tax Credits for Restaurants with Tipped Employees; Authorizes OTTED to grant tax credits against sales & use tax or corporate income tax liabilities to specified businesses; specifies rate for credit; provides for adjusting rate annually; provides for funding tax credits; limits amount of credits; provides methodology for allocating amounts of tax credits; requires tax credit applications to be approved by OTTED; provides application requirements, etc.
Effective Date: 07/01/2009
Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Economic Development Policy (EDCA)
Bill Text: Web Page | PDF
Last Action: 5/2/2009 House - Indefinitely postponed and withdrawn from consideration; Died in Committee on Economic Development Policy (EDCA)
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/3/2009 | House |
• Filed |
| 2/25/2009 | House |
• Referred to Economic Development Policy (EDCA); Economic Development & Community Affairs Policy Council; Finance & Tax Council; Full Appropriations Council on Education & Economic Development |
| 3/3/2009 | House |
• Introduced, referred to Economic Development Policy (EDCA); Economic Development & Community Affairs Policy Council; Finance & Tax Council; Full Appropriations Council on Education & Economic Development -HJ 00062 |
| 5/2/2009 | House |
• Indefinitely postponed and withdrawn from consideration; Died in Committee on Economic Development Policy (EDCA) |