HB 165: Economic Development
GENERAL BILL by Cruz ; (CO-INTRODUCERS) Campbell
Economic Development; Provides corporate tax credit against state corporate income tax in amount equal to specified percentage of corporation's payments to small business providing goods or services to the corporation; provides qualification criteria; requires corporation & business to submit application to DEO for approval to earn credits; provides procedures & requirements for department approval; specifies amount of tax credit; prohibits tax credits from being carried forward or backward or being transferred or sold; provides criminal & administrative penalties; authorizes DEO & DOR to adopt rules; revises order in which credits against corporate income tax or franchise tax may be taken to include certain credits relating to corporation's execution of business contract with small business; redefines term "adjusted federal income" to include amount of such tax credits.
Last Action: 5/2/2014 House - Died in Economic Development and Tourism Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 10/10/2013 House • Filed
11/5/2013 House • Referred to Economic Development and Tourism Subcommittee; Finance and Tax Subcommittee; Transportation and Economic Development Appropriations Subcommittee; Economic Affairs Committee -HJ 20
3/4/2014 House • Introduced -HJ 20
5/2/2014 House • Died in Economic Development and Tourism Subcommittee
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HB 165, Original Filed Version (Current Bill Version) Posted 10/10/2013 at 1:40 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 80 Economic Development Soto Identical Last Action: 5/2/2014 S Died in Commerce and Tourism
Location: In committee/council (CM)
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 220.02 Legislative intent. Page 6 (pdf) 220.13 “Adjusted federal income” defined. Page 7 (pdf) 220.1945 Page 2 (pdf)