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.
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
- Commerce and Tourism (CM)
- Budget (BC)
• Referred to Commerce and Tourism; Budget -SJ 58
• Introduced -SJ 58
• Died in Commerce and Tourism
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