CS/SB 1642: Tax Exemptions
GENERAL BILL by Commerce and Tourism ; Gruters
Tax Exemptions; Revising the affordable housing property exemption to exempt from ad valorem taxation, rather than provide a discount to, certain multifamily projects after a certain timeframe; providing a sales tax exemption for certain aircraft equipment used as part of certain governmental contracts; providing a credit against the corporate income tax, the sales and use tax, or a stated combination of the two taxes to a qualifying business that establishes a qualifying project for the creation of intellectual property which meets certain capital investment criteria, etc.
Last Action: 2/10/2020 Senate - Now in Finance and Tax
Bill Text: Web Page | PDF
• Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 161
• Introduced -SJ 161
• On Committee agenda-- Commerce and Tourism, 02/04/20, 9:00 am, 110 Senate Building
• CS by Commerce and Tourism; YEAS 4 NAYS 1 -SJ 240
• Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Commerce and Tourism read 1st time -SJ 250
• Now in Finance and Tax
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