SB 1878: 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 a certain capital investment threshold; specifying the calculation of the credit; authorizing use of the credit or portions of the credit by the business or members of its affiliated group of corporations; authorizing use of the credit within a certain timeframe, etc.
Effective Date: 7/1/2022
Last Action: 3/14/2022 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Last Action: 3/14/2022 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Finance and Tax (FT)
- Appropriations (AP)
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Bill History
Date Chamber Action 1/10/2022 Senate • Filed
1/12/2022 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 162
1/18/2022 Senate • Introduced -SJ 162
1/19/2022 Senate • On Committee agenda-- Commerce and Tourism, 01/24/22, 3:00 pm, 110 Senate Building
1/24/2022 Senate • Favorable by Commerce and Tourism; YEAS 8 NAYS 1 -SJ 217
1/25/2022 Senate • Now in Finance and Tax
3/12/2022 Senate • Indefinitely postponed and withdrawn from consideration
3/14/2022 Senate • Died in Finance and Tax
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SB 1878, Original Filed Version (Current Bill Version) Posted 1/10/2022 at 8:37 AM
Bill Text: Web Page | PDF Analyses: Commerce and Tourism (Pre-Meeting) 1/21/2022 (pdf)
Commerce and Tourism (Post-Meeting) 1/25/2022 (pdf)
Committee Votes (1)
Date Committee Result 1/24/2022 3:00 PM Commerce and Tourism 8 Yeas - 1 Nays Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 220.191 Capital investment tax credit. Page 1 (pdf) 288.1089 Innovation Incentive Program. Page 13 (pdf)