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CS/CS/SB 1390: Tax Credits

GENERAL BILL by Finance and Tax ; Commerce and Tourism ; Gruters

Tax Credits; 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; 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 incurs eligible production infrastructure costs that exceed a certain threshold; providing a credit against the corporate income tax, for a specified amount and for a specified taxable year, for taxpayers classified in the passenger car rental or leasing industry which meet certain criteria, etc.

Effective Date: 7/1/2021
Last Action: 4/30/2021 Senate - Died in Appropriations
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    2/17/2021 Senate • Filed
    2/24/2021 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 136
    3/2/2021 Senate • Introduced -SJ 136
    3/24/2021 Senate • On Committee agenda-- Commerce and Tourism, 03/29/21, 3:30 pm, 110 Senate Building
    3/29/2021 Senate • CS by Commerce and Tourism; YEAS 11 NAYS 0 -SJ 325
    3/30/2021 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • CS by Commerce and Tourism read 1st time -SJ 329
    3/31/2021 Senate • Now in Finance and Tax
    4/9/2021 Senate • On Committee agenda-- Finance and Tax, 04/14/21, 9:00 am, 110 Senate Building
    4/14/2021 Senate • CS/CS by Finance and Tax; YEAS 8 NAYS 0 -SJ 465
    • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • CS/CS by Finance and Tax read 1st time -SJ 467
    4/19/2021 Senate • Now in Appropriations
    4/30/2021 Senate • Died in Appropriations

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  • CS/CS/SB 1390, Committee Substitute 2 (Current Bill Version) Posted 4/14/2021 at 6:37 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1125 Capital Investment Tax Credit Fischer Compare Last Action: 4/30/2021 H Died in Tourism, Infrastructure & Energy Subcommittee

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    220.191 Capital investment tax credit. Page 1 (pdf)
    220.197 Page 17 (pdf)
    288.1089 Innovation Incentive Program. Page 18 (pdf)

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  • CS/SB 1390, Committee Substitute 1 Posted 3/30/2021 at 3:26 PM

    Bill Text:   Web Page | PDF
    Analyses:   Finance and Tax (Pre-Meeting) 4/13/2021 (pdf)
    Finance and Tax (Post-Meeting) 4/14/2021 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1125 Capital Investment Tax Credit Fischer Compare Last Action: 4/30/2021 H Died in Tourism, Infrastructure & Energy Subcommittee

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    275582 - Amendment
    Before line 38 insert:
    Finance and Tax
    (Gruters)
    4/13/2021
    4:55 PM
    Replaced by Committee Substitute
    4/14/2021
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    4/14/2021 9:00 AM Finance and Tax 8 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    220.191 Capital investment tax credit. Page 1 (pdf)
    288.1089 Innovation Incentive Program. Page 17 (pdf)

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  • SB 1390, Original Filed Version Posted 2/17/2021 at 4:38 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 3/26/2021 (pdf)
    Commerce and Tourism (Post-Meeting) 3/30/2021 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1125 Capital Investment Tax Credit Fischer Identical Last Action: 4/30/2021 H Died in Tourism, Infrastructure & Energy Subcommittee

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    301108 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Commerce and Tourism
    (Gruters)
    3/26/2021
    3:11 PM
    Replaced by Committee Substitute
    3/30/2021
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    3/29/2021 3:30 PM Commerce and Tourism 11 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    220.191 Capital investment tax credit. Page 1 (pdf)
    288.1089 Innovation Incentive Program. Page 14 (pdf)

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