SB 450: Economic Development
GENERAL BILL by Soto
Economic Development; Providing tax credits for use by a corporation against the state corporate income tax in an amount equal to a specified percentage of the corporation’s payments to a small business providing goods or services to the corporation pursuant to a contract; prohibiting tax credits from being carried forward or backward or being transferred or sold; providing criminal and administrative penalties for fraudulently claiming tax credits, etc.
Effective Date: 1/1/2014
Last Action: 5/3/2013 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Last Action: 5/3/2013 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Appropriations Subcommittee on Finance and Tax (AFT)
- Appropriations (AP)
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Bill History
Date Chamber Action 1/24/2013 Senate • Filed
1/28/2013 Senate • Referred to Commerce and Tourism; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 35
3/5/2013 Senate • Introduced -SJ 35
5/3/2013 Senate • Died in Commerce and Tourism
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SB 450, Original Filed Version (Current Bill Version) Posted 1/24/2013 at 9:32 AM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 153 Economic Development Cruz Identical Last Action: 5/3/2013 H Died in Economic Development and Tourism Subcommittee
Location: In committee/council (EDTS)
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 220.02 Legislative intent. Page 6 (pdf) 220.13 “Adjusted federal income” defined. Page 6 (pdf) 220.1945 Page 2 (pdf)