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Glossary of Legislative Terms

SB 774: Economic Development

GENERAL BILL by Ring

Economic Development; Creates the Commercialization Credit Transfer Program. Provides legislative findings that it is in the state's interest to promote the commercialization of products and services developed by technology companies. Authorizes the Department of Revenue to share certain confidential information with the Office of Tourism, Trade, and Economic Development (OTTED). Requires the OTTED to certify eligible companies for the transfer of corporate income tax net operating loss amounts as certified credits, etc. APPROPRIATION: Indeterminate

Effective Date: 7/1/2011
 Last Action: 5/7/2011 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Banking and Insurance (BI)
  3. Budget (BC)


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Bill History

Date Chamber Action
2/3/2011 Senate • Filed
2/9/2011 Senate • Referred to Commerce and Tourism; Banking and Insurance; Budget -SJ 61
3/8/2011 Senate • Introduced -SJ 61
5/7/2011 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Commerce and Tourism