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Glossary of Legislative Terms

SB 684: Economic Development

GENERAL BILL by Ring

Economic Development; Requiring the Department of Economic Opportunity to designate a director of manufacturing; amending provisions relating to a tax credit program for capital investment by certain qualifying businesses; requiring a capital investment of at least $10 million as a criteria for a qualified project; providing tax credits for qualifying businesses that are located out of state; providing that a capital investment of a specified amount qualifies a target industry business for the tax refund; creating the Manufacturing Capital Investment Tax Refund Program within the Department of Economic Opportunity; providing for amounts of capital investments for certain manufacturing businesses that are eligible for tax refunds; providing for the application and approval process for qualified projects; authorizing the Division of Strategic Business Development in the Department of Economic Opportunity to adopt rules, etc.

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. Budget (BC)


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Bill History

Date Chamber Action
10/26/2011 Senate • Filed
11/16/2011 Senate • Referred to Commerce and Tourism; Budget -SJ 58
1/10/2012 Senate • Introduced -SJ 58
3/9/2012 Senate • Died in Commerce and Tourism