SB 236: Economic Development
GENERAL BILL by Ring
Economic Development; Creating the Commercialization Credit Transfer Program; providing legislative findings that it is in the state’s interest to promote the commercialization of products and services developed by technology companies; authorizing the Department of Revenue to share certain confidential information with the Department of Economic Opportunity; redefining the term “adjusted federal income” in relation to net operating losses transferred and payments received for a certified credit pursuant to the Commercialization Credit Transfer Program; providing for the allocation of financial assistance pursuant to the Commercialization Credit Transfer Program as income in this state; creating the Commercialization Credit Transfer Program; requiring the Department of Economic Opportunity to certify eligible companies for the transfer of corporate income tax net operating loss amounts as certified credits, etc. APPROPRIATION: Indeterminate
Senate Committee References: Commerce and Tourism (CM) , Banking and Insurance (BI) , Budget (BC)
Last Action: 03/09/2012 Died in Commerce and Tourism
Effective Date: July 1, 2012
Bill History
| Date | Chamber | Action |
|---|---|---|
| 09/14/2011 | Senate | • Filed |
| 09/21/2011 | Senate | • Referred to Commerce and Tourism; Banking and Insurance; Budget -SJ 25 |
| 01/10/2012 | Senate | • Introduced -SJ 25 |
| 03/09/2012 | Senate | • Died in Commerce and Tourism |
