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• Indefinitely postponed and withdrawn from consideration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
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