SB 1878: Capital Investment Tax Credit
GENERAL BILL by Gruters
Capital Investment Tax Credit; 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 a certain capital investment threshold; specifying the calculation of the credit; authorizing use of the credit or portions of the credit by the business or members of its affiliated group of corporations; authorizing use of the credit within a certain timeframe, etc.
Last Action: 3/14/2022 Senate - Died in Finance and Tax
Bill Text: Web Page | PDF
• Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 162
• Introduced -SJ 162
• On Committee agenda-- Commerce and Tourism, 01/24/22, 3:00 pm, 110 Senate Building
• Favorable by Commerce and Tourism; YEAS 8 NAYS 1 -SJ 217
• Now in Finance and Tax
• Indefinitely postponed and withdrawn from consideration
• Died in Finance and Tax
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