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.
Senate Committee References:
- Commerce and Tourism (CM)
- Budget (BC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/1/2011 | Senate |
• Filed |
| 3/9/2011 | Senate |
• Referred to Commerce and Tourism; Budget -SJ 168 • Introduced -SJ 168 |
| 3/17/2011 | Senate |
• On Committee agenda-- Commerce and Tourism, 03/22/11, 1:15 pm, 401 Senate Office Building |
| 3/22/2011 | Senate |
• CS by Commerce and Tourism; YEAS 7 NAYS 0 -SJ 270 |
| 3/23/2011 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • CS by Commerce and Tourism read 1st time -SJ 277 |
| 3/24/2011 | Senate |
• Now in Budget -SJ 270 |
| 5/7/2011 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Budget |
