HB 733 (2008) -  Tax Credit for Research and Development Expenses

General Bill by Grant (CO-SPONSORS) Porth
Tax Credit for Research and Development Expenses: Provides legislative intent regarding state research & development tax credit; defines terms "base amount," "business enterprise," & "qualified research expenses"; provides tax credit for businesses having qualified research expenses; provides that tax credit is 10% of excess over base amount; provides that credit taken in taxable year may not exceed specified amount; provides that unused credits may be carried forward for up to 10 years following close of tax year in which qualified expenses were incurred; provides that unused credits may be assigned or sold to another taxpayer; provides maximum credit amount; requires DOR to adopt rules & guidelines.
Effective Date: July 1, 2008
Last Event: Died in Economic Expansion & Infrastructure Council on Friday, May 2, 2008 6:02 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1398 Subject: Research and Development Expenses Tax Credit [EPCC] Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Committee on Economic Development 3/7/2008 11:56:52 AM
Chamber: House Committee: Committee on Economic Development 3/5/2008 2:04:18 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Economic Expansion & Infrastructure Council Time: 05/02/2008 - 6:02 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: 02/15/2008 - 3:42 PM Member: Committee: Committee on Economic Development Version: __
Event: H Referred to Committee on Economic Development by Economic Expansion & Infrastructure Council Time: 02/15/2008 - 3:42 PM Member: Committee: Committee on Economic Development Version: __
Event: H Now in Economic Expansion & Infrastructure Council Time: 02/05/2008 - 8:42 PM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Referred to Policy & Budget Council Time: 02/05/2008 - 8:42 PM Member: Committee: Policy & Budget Council Version: __
Event: H Referred to Economic Expansion & Infrastructure Council Time: 02/05/2008 - 8:42 PM Member: Committee: Economic Expansion & Infrastructure Council Version: __
Event: H Filed Time: 01/24/2008 - 12:16 PM Member: Grant Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.194 HB 325, HB 1191