CS/SB 1642: Tax Exemptions
GENERAL BILL by Commerce and Tourism ; Gruters
Tax Exemptions; Revising the affordable housing property exemption to exempt from ad valorem taxation, rather than provide a discount to, certain multifamily projects after a certain timeframe; providing a sales tax exemption for certain aircraft equipment used as part of certain governmental contracts; 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, etc.
Last Action: 3/14/2020 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
- Commerce and Tourism (CM)
- Finance and Tax (FT)
- Appropriations (AP)
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Bill History
Date Chamber Action 1/9/2020 Senate • Filed
1/17/2020 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 161
1/22/2020 Senate • Introduced -SJ 161
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 4 NAYS 1 -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 250
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3/14/2020 Senate • Indefinitely postponed and withdrawn from consideration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 1642, Committee Substitute 1 (Current Bill Version) Posted 2/5/2020 at 3:50 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1268 Capital Investment Tax Credit Gruters Compare Last Action: 3/14/2020 S Died in Innovation, Industry, and Technology Citations - Statutes (4)
Citation Catchline Location in Bill Location In Bill Help 196.1978 Affordable housing property exemption. Page 2 (pdf) 212.08 Sales, rental, use, consumption, distribution, and storage tax; specified exemptions. Page 4 (pdf), Page 6 (pdf) 220.191 Capital investment tax credit. Page 10 (pdf) 288.1089 Innovation Incentive Program. Page 20 (pdf) -
SB 1642, Original Filed Version Posted 1/9/2020 at 2:21 PM
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 854736 - Amendment (Delete All)
Delete everything after the enacting clause and insert:Commerce and Tourism
(Gruters)2/3/2020
8:39 AMReplaced by Committee Substitute
2/4/2020Web Page
PDFCommittee Votes (1)
Date Committee Result 2/4/2020 9:00 AM Commerce and Tourism 4 Yeas - 1 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 212.08 Sales, rental, use, consumption, distribution, and storage tax; specified exemptions. Page 1 (pdf), Page 3 (pdf)