HB 1109: Businesses Located in Enterprise Zones
GENERAL BILL by Fullwood
Businesses Located in Enterprise Zones; Clarifies that tax exemption for business property purchased for use by businesses located in enterprise zone applies to use tax & not just sales tax; specifies that monetary caps applicable to sales & use tax exemption for business property are calculated on per item basis; deletes provision limiting sales & use tax refunds for business property to amounts in excess of $100 on purchases made within specified time period; revises definitions of terms "eligible business," "job," & "new job has been created" for purposes relating to application of enterprise zone jobs credit against sales tax; revises requirements applicable to making of sworn statements & filing of applications claiming enterprise zone jobs credit against sales tax; authorizes an eligible business that files consolidated tax return to take enterprise zone jobs credit against such business's consolidated tax liability.
Last Action: 3/9/2012 House - Died in Business and Consumer Affairs Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 12/21/2011 House • Filed
1/9/2012 House • Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Economic Affairs Committee -HJ 108
1/10/2012 House • Introduced -HJ 108
3/9/2012 House • Died in Business and Consumer Affairs Subcommittee
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HB 1109, Original Filed Version (Current Bill Version) Posted 12/21/2011 at 11:57 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1572 Businesses Located in Enterprise Zones Smith Identical Last Action: 3/9/2012 S Died in Commerce and Tourism
Location: In committee/council (CM)
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 1 (pdf) 212.096 Sales, rental, storage, use tax; enterprise zone jobs credit against sales tax. Page 6 (pdf)