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Glossary of Legislative Terms

CS/SB 1240: Corporate Income Tax Credit

GENERAL BILL by Commerce and Tourism ; Gruters

Corporate Income Tax Credit; Defining the term “NAICS”; providing a credit against the corporate income tax, for a specified amount and for a specified taxable year, for taxpayers classified in the sales financing or passenger car rental or leasing industries which meet certain criteria, etc.

Effective Date: Upon becoming a law
 Last Action: 3/14/2020 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    12/13/2019 Senate • Filed
    1/8/2020 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 90
    1/14/2020 Senate • Introduced -SJ 90
    1/23/2020 Senate • On Committee agenda-- Commerce and Tourism, 01/28/20, 1:30 pm, 110 Senate Building --Not Considered
    1/30/2020 Senate • On Committee agenda-- Commerce and Tourism, 02/04/20, 9:00 am, 110 Senate Building
    2/4/2020 Senate • CS by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 240
    2/5/2020 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    2/6/2020 Senate • CS by Commerce and Tourism read 1st time -SJ 247
    2/10/2020 Senate • Now in Finance and Tax
    3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Finance and Tax

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  • CS/SB 1240, Committee Substitute 1 (Current Bill Version) Posted 2/5/2020 at 3:50 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    220.197 Page 1 (pdf)

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  • SB 1240, Original Filed Version Posted 12/13/2019 at 9:23 AM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 2/3/2020 (pdf)
    Commerce and Tourism (Post-Meeting) 2/5/2020 (pdf)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    306312 - Amendment
    Delete line 20 and insert:     		Commerce and Tourism
    (Gruters)     		2/3/2020
    8:40 AM     		Replaced by Committee Substitute
    2/4/2020     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/4/2020 9:00 AM Commerce and Tourism 5 Yeas - 0 Nays

    Citations - Statutes (1)

    Citation Catchline Location in Bill Location In Bill Help
    220.197 Page 1 (pdf)

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