HB 5601: Economic Development
GENERAL BILL by Finance and Tax Subcommittee ; Workman
Economic Development; Revises length of time that certain cigarette tax collections are dedicated as funding source for DOH to establish activities & grant opportunities with Sanford-Burnham Medical Research Institute for biomedical research purposes; establishes lower takeoff weight threshold for rotary wing aircraft qualifying for certain tax exemptions; requires DOR to distribute specified amount of money to certain applicants if spring training franchise uses applicant's facility; specifies time periods & limitations on distributions; deletes caps on tax refunds for qualified defense contractors & space flight businesses & for qualified target industry businesses; establishes certification process to retain spring training baseball franchises; authorizes & prohibits certain uses of awarded funds; provides for decertification of certified applicant; authorizes Auditor General to conduct audits; revises limitations on qualified investments that may be approved by DEO under New Markets Development Program; specifies period during which sale of clothing, wallets, bags, school supplies, personal computers, & personal computer-related accessories are exempt from sales tax; provides an appropriation. APPROPRIATION: $235,695
Last Action: 4/12/2013 House - Laid on Table, companion bill(s) passed, see HB 4013 (Ch. 2013-96), CS/SB 406 (Ch. 2013-42), SB 1500 (Ch. 2013-40)
Bill Text: PDF
• Referred to Appropriations Committee -HJ 362
• Introduced -HJ 362
• On Committee agenda-- Appropriations Committee, 04/03/13, 12:30 pm, Webster Hall
• Favorable by- Appropriations Committee; YEAS 23 NAYS 0 -HJ 416
• Placed on Calendar -HJ 416
• Placed on Special Order Calendar, 04/11/13
• Read 2nd time -HJ 477
• Amendment(s) failed (165177) -HJ 479
• Temporarily postponed on 2nd reading; On Unfinished Business -HJ 479
• Laid on Table, companion bill(s) passed, see HB 4013 (Ch. 2013-96), CS/SB 406 (Ch. 2013-42), SB 1500 (Ch. 2013-40)
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