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CS/SB 1264: Rural and Urban Business Enterprises

GENERAL BILL by Commerce and Tourism ; Collins

Rural and Urban Business Enterprises; Revising the purpose of the Department of Commerce; requiring that the statewide emergency shelter plan identify the general location and square footage of special needs shelters by regional planning council regions, as such regions existed on a specified date, during the next 5 years; deleting the definition of the term “minority business enterprise”; establishing the Research, Innovation, Science, and Engineering (RISE) Investment Tax Credit Program within the Department of Commerce; requiring the department to authorize the Department of Revenue to issue tax credits to a qualifying private fund if certain requirements are met; requiring the department to issue a notice of revocation and recapture to the qualifying private fund and the Department of Revenue, etc.

Effective Date: 7/1/2025
Last Action: 4/3/2025 Senate - Now in Appropriations Committee on Transportation, Tourism, and Economic Development
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/25/2025 Senate • Filed
3/3/2025 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations Committee on Transportation, Tourism, and Economic Development; Rules
3/4/2025 Senate • Introduced
3/26/2025 Senate • On Committee agenda-- Commerce and Tourism, 03/31/25, 1:30 pm, 110 Senate Building
3/31/2025 Senate • CS by Commerce and Tourism; YEAS 7 NAYS 2
4/2/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Commerce and Tourism read 1st time
4/3/2025 Senate • Original reference(s) removed: Finance and Tax
• Remaining references corrected to Appropriations Committee on Transportation, Tourism, and Economic Development; Rules
• Now in Appropriations Committee on Transportation, Tourism, and Economic Development