CS/CS/HB 293 (2008) -  Corporate Income Tax Credit

General Bill by Policy & Budget Council and Economic Expansion & Infrastructure Council and Weatherford (CO-SPONSORS) Attkisson; Coley; Hasner; Holder; Precourt; Reagan; Richter; Roberson, Y.; Schenck
Corporate Income Tax Credit: Creates New Markets Tax Credit Program; provides for qualification & sale of investments that provide tax credits; provides for nonrefundable, nontransferable tax credit for taxable year in which credit allowance date falls; provides for calculating credit amount; limits amount of tax credit; provides for carryover of tax credits; provides for redemption of tax credits; provides for calculation of amount of tax credits available; requires calculations to be certified & accompanied by audited financial statements & notarized affidavits; provides for future repeal; provides authority, duties, & requirements of OTTED, DOR, & community development entities.
Effective Date: July 1, 2008, and applies to tax years ending after December 31, 2008
Last Event: 05/02/08 S Died in Messages on Friday, May 2, 2008 5:59 PM
Date Available for Final Passage: Tuesday, April 29, 2008 1:38 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 850 Subject: Corporate Income Tax Credits [EPCC] Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Policy & Budget Council 4/18/2008 5:29:04 PM
Chamber: House Committee: Policy & Budget Council 4/13/2008 4:09:12 PM
Chamber: House Committee: Economic Expansion & Infrastructure Council 4/11/2008 1:29:26 PM
Chamber: House Committee: Economic Expansion & Infrastructure Council 4/10/2008 10:28:44 AM
Chamber: House Committee: Economic Expansion & Infrastructure Council 4/7/2008 5:18:01 PM
Chamber: House Committee: Economic Expansion & Infrastructure Council 4/7/2008 5:16:33 PM --UnPublished--
Chamber: House Committee: Committee on Economic Development 3/7/2008 11:55:25 AM
Chamber: House Committee: Committee on Economic Development 3/5/2008 1:58:30 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/30/2008 11:52 AM   Yeas: 117 Nays: 2 Action: Passage Action 2: Vote Detail: Vote [Seq# 1039] Barcode:

Bill History

Event Time Member Committee Ver.
Event: S Died in Messages Time: 05/02/2008 - 5:59 PM Member: Committee: Version: e1
Event: S In Messages Time: 04/30/2008 - 1:16 PM Member: Committee: Version: e1
Event: H Message sent to senate Time: 04/30/2008 - 1:07 PM Member: Committee: Version: e1
Event: H Passage on third reading Time: 04/30/2008 - 11:52 AM Member: Committee: Version: e1
Event: H CS passed as amended; YEAS 117, NAYS 2 Time: 04/30/2008 - 11:52 AM Member: Committee: Version: e1
Event: H Read 3rd time Time: 04/30/2008 - 11:52 AM Member: Committee: Version: e1
Event: H Added to Third Reading Calendar Time: 04/25/2008 - 7:09 PM Member: Committee: Version: e1
Event: H Amendment 021921 adopted Time: 04/25/2008 - 1:38 PM Member: Committee: Version: c2
Event: H Read 2nd time Time: 04/25/2008 - 1:37 PM Member: Committee: Version: c2
Event: H Amendment 021921 filed Time: 04/24/2008 - 1:37 PM Member: Committee: Version: c2
Event: H Bill added to Special Order Calendar (4/25/2008) Time: 04/23/2008 - 8:51 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 04/23/2008 - 7:29 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 04/23/2008 - 7:29 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 04/18/2008 - 11:59 PM Member: Committee: Version: c2
Event: H CS Filed Time: 04/18/2008 - 3:03 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19 Time: 04/18/2008 - 3:03 PM Member: Committee: Version: c1
Event: H Reported out of Policy & Budget Council Time: 04/18/2008 - 2:59 PM Member: Committee: Policy & Budget Council Version: c1
Event: H Favorable with CS by Policy & Budget Council Time: 04/15/2008 - 1:00 PM Member: Committee: Policy & Budget Council Version: c1
Event: H Now in Policy & Budget Council Time: 04/13/2008 - 2:31 PM Member: Committee: Policy & Budget Council Version: c1
Event: H Referred to Policy & Budget Council Time: 04/13/2008 - 2:31 PM Member: Committee: Policy & Budget Council Version: c1
Event: H Added to Policy & Budget Council agenda Time: 04/11/2008 - 4:24 PM Member: Committee: Policy & Budget Council Version: c1
Event: H 1st Reading Time: 04/10/2008 - 7:38 PM Member: Committee: Version: c1
Event: H Added to Policy & Budget Council agenda Time: 04/10/2008 - 11:55 AM Member: Committee: Policy & Budget Council Version: c1
Event: H CS Filed Time: 04/10/2008 - 10:48 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19 Time: 04/10/2008 - 10:48 AM Member: Committee: Version: __
Event: H Reported out of Economic Expansion & Infrastructure Council Time: 04/10/2008 - 10:27 AM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Favorable with CS by Economic Expansion & Infrastructure Council Time: 04/08/2008 - 3:30 PM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Added to Economic Expansion & Infrastructure Council agenda Time: 04/04/2008 - 4:17 PM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Now in Economic Expansion & Infrastructure Council Time: 03/07/2008 - 11:58 AM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Reported out of Committee on Economic Development Time: 03/07/2008 - 11:58 AM Member: Committee: Committee on Economic Development Version: __
Event: H Favorable with amendment(s) by Committee on Economic Development Time: 03/06/2008 - 4:00 PM Member: Committee: Committee on Economic Development Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Added to Committee on Economic Development agenda Time: 03/04/2008 - 4:14 PM Member: Committee: Committee on Economic Development Version: __
Event: H Now in Committee on Economic Development Time: 01/03/2008 - 12:30 PM Member: Committee: Committee on Economic Development Version: __
Event: H Referred to Committee on Economic Development by Economic Expansion & Infrastructure Council Time: 01/03/2008 - 12:30 PM Member: Committee: Committee on Economic Development Version: __
Event: H Now in Economic Expansion & Infrastructure Council Time: 12/12/2007 - 5:04 PM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Referred to Policy & Budget Council Time: 12/12/2007 - 5:04 PM Member: Committee: Policy & Budget Council Version: __
Event: H Referred to Economic Expansion & Infrastructure Council Time: 12/12/2007 - 5:04 PM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Filed Time: 11/26/2007 - 2:18 PM Member: Weatherford Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
213.053 CS/CS/HB 601, CS/HB 1373, HB 1385, HB 7091, HB 7147
220.02 HB 325
220.13 HB 1237, HB 5065
288.991