SB 80: Economic Development
GENERAL BILL by Soto
Economic Development; Providing a corporate tax credit against the state corporate income tax in an amount equal to a specified percentage of the corporation’s payments to a small business providing goods or services to the corporation pursuant to a contract; specifying the amount of the tax credit; prohibiting tax credits from being carried forward or backward or being transferred or sold; providing criminal and administrative penalties for fraudulently claiming tax credits, etc.
Effective Date: 7/1/2014
Last Action: 5/2/2014 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Last Action: 5/2/2014 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Criminal Justice (CJ)
- Appropriations Subcommittee on Finance and Tax (AFT)
- Appropriations (AP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 8/13/2013 | Senate |
• Filed |
| 8/27/2013 | Senate |
• Referred to Commerce and Tourism; Criminal Justice; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 18 |
| 3/4/2014 | Senate |
• Introduced -SJ 18 |
| 5/2/2014 | Senate |
• Died in Commerce and Tourism |
