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Glossary of Legislative Terms

SB 236: Economic Development

GENERAL BILL by Ring

Economic Development; Creating the Commercialization Credit Transfer Program; providing legislative findings that it is in the state’s interest to promote the commercialization of products and services developed by technology companies; authorizing the Department of Revenue to share certain confidential information with the Department of Economic Opportunity; redefining the term “adjusted federal income” in relation to net operating losses transferred and payments received for a certified credit pursuant to the Commercialization Credit Transfer Program; providing for the allocation of financial assistance pursuant to the Commercialization Credit Transfer Program as income in this state; creating the Commercialization Credit Transfer Program; requiring the Department of Economic Opportunity to certify eligible companies for the transfer of corporate income tax net operating loss amounts as certified credits, etc. APPROPRIATION: Indeterminate

Effective Date: 7/1/2012
 Last Action: 3/9/2012 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
9/14/2011 Senate • Filed
9/21/2011 Senate • Referred to Commerce and Tourism; Banking and Insurance; Budget -SJ 25
1/10/2012 Senate • Introduced -SJ 25
3/9/2012 Senate • Died in Commerce and Tourism