CS/HB 1069: Capital Investment Tax Credit
GENERAL BILL by Economic Development and Tourism Subcommittee ; Dorworth
Capital Investment Tax Credit; Specifies procedures to claim sales & use tax credit; authorizes qualifying business that has insufficient corporate income tax liability to fully claim capital investment tax credit to apply credit against its liability for sales & use taxes to be collected, reported, & remitted to DOR; requires qualifying business that receives credit against its sales & use tax liability to make additional capital investments; requires qualifying business to annually report its capital investments to OTTED, President of Senate, & Speaker of House, etc.
Effective Date: 7/1/2011
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/1/2011 | House |
• Filed |
| 3/8/2011 | House |
• Introduced -HJ 93 |
| 3/10/2011 | House |
• Referred to Economic Development and Tourism Subcommittee; Rules and Calendar Committee; Finance and Tax Committee; Economic Affairs Committee -HJ 210 |
| 3/18/2011 | House |
• On Committee agenda-- Economic Development and Tourism Subcommittee, 03/22/11, 12:00 pm, 12 HOB |
| 3/22/2011 | House |
• CS by Economic Development and Tourism Subcommittee; YEAS 14 NAYS 0 -HJ 326 |
| 3/25/2011 | House |
• Pending review of CS under Rule 7.19(c) • CS by Economic Development and Tourism Subcommittee read 1st time -HJ 323 |
| 3/28/2011 | House |
• Original reference(s) removed: Rules and Calendar Committee; Economic Affairs Committee • CS referred to Finance and Tax Committee -HJ 339 • Now in Finance and Tax Committee -HJ 339 |
| 3/30/2011 | House |
• On Committee agenda-- Finance and Tax Committee, 03/30/11, 2:15 pm, Morris Hall --Temporarily deferred |
| 5/7/2011 | House |
• Indefinitely postponed and withdrawn from consideration • Died in Finance and Tax Committee |
