SB 1268: Capital Investment Tax Credit
GENERAL BILL by Gruters
Capital Investment Tax Credit; Providing a credit against the corporate income tax, the sales and use tax, or a stated combination of the two taxes to a qualifying business that establishes a qualifying project for the creation of intellectual property which meets certain capital investment criteria; authorizing the carryover or transfer of credits, subject to certain conditions, etc.
Effective Date: Upon becoming a law
Last Action: 3/14/2020 Senate - Died in Innovation, Industry, and Technology
Bill Text: Web Page | PDF
Last Action: 3/14/2020 Senate - Died in Innovation, Industry, and Technology
Bill Text: Web Page | PDF
Senate Committee References:
- Innovation, Industry, and Technology (IT)
- Finance and Tax (FT)
- Appropriations (AP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/17/2019 | Senate |
• Filed |
| 1/8/2020 | Senate |
• Referred to Innovation, Industry, and Technology; Finance and Tax; Appropriations -SJ 93 |
| 1/14/2020 | Senate |
• Introduced -SJ 93 |
| 2/5/2020 | Senate |
• On Committee agenda-- Innovation, Industry, and Technology, 02/10/20, 1:30 pm, 110 Senate Building --Temporarily Postponed |
| 3/14/2020 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Innovation, Industry, and Technology |
