CS/SB 1470: Capital Investment Tax Credit
GENERAL BILL by Commerce and Tourism ; Altman
Capital Investment Tax Credit; Specifies procedures to claim a sales and use tax credit. Authorizes a qualifying business that has insufficient corporate income tax liability to fully claim a capital investment tax credit to apply the credit against its liability for sales and use taxes to be collected, reported, and remitted to the Department of Revenue. Requires a qualifying business that receives a credit against its sales and use tax liability to make additional capital investments, etc.
Last Action: 5/7/2011 Senate - Died in Budget
Location: In committee/council (BC)
Bill Text: Web Page | PDF
- Commerce and Tourism (CM)
- Budget (BC)
• Referred to Commerce and Tourism; Budget -SJ 168
• Introduced -SJ 168
• On Committee agenda-- Commerce and Tourism, 03/22/11, 1:15 pm, 401 Senate Office Building
• CS by Commerce and Tourism; YEAS 7 NAYS 0 -SJ 270
• Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Commerce and Tourism read 1st time -SJ 277
• Now in Budget -SJ 270
• Indefinitely postponed and withdrawn from consideration
• Died in Budget
Companion bills that are identical word-for-word, including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.