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.
Last Action: 5/7/2011 House - Died in Finance and Tax Committee
Bill Text: Web Page | PDF
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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5/7/2011 House • Indefinitely postponed and withdrawn from consideration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
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CS/HB 1069, Committee Substitute 1 (Current Bill Version) Posted 3/25/2011 at 1:58 PM
Bill Text: Web Page | PDF Analyses: Finance and Tax Committee (Post-Meeting) 3/29/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1470 (c1) Capital Investment Tax Credit Altman Identical Last Action: 5/7/2011 S Died in Budget
Location: In committee/council (BC)
Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 212.08 Sales, rental, use, consumption, distribution, and storage tax; specified exemptions. Page 2 (pdf) 220.191 Capital investment tax credit. Page 3 (pdf) -
HB 1069, Original Filed Version Posted 3/1/2011 at 10:59 AM
Bill Text: Web Page | PDF Analyses: Economic Development and Tourism Subcommittee (Post-Meeting) 3/25/2011 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1470 (c1) Capital Investment Tax Credit Altman Similar Last Action: 5/7/2011 S Died in Budget
Location: In committee/council (BC)
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 220.191 Capital investment tax credit. Page 1 (pdf)