HB 47 (2009) -  Entertainment Industry Economic Development

by Precourt (CO-SPONSORS) Bovo; Holder; Hudson; Kelly; O'Toole; Porth; Rehwinkel Vasilinda; Sachs; Soto; Steinberg; Tobia
Revises entertainment industry financial incentive program to provide corporate income tax & sales & use tax credits to qualified entertainment entities rather than reimbursements from appropriations; revises definitions, creation & scope, eligibility, & application & approval processes; delineates duties of OTTED, OFE, & DOR regarding award, election, transfer, audit, & revocation & forfeiture of credits; provides rulemaking authority for DOR & OTTED; repeals tax credit 7/1/2014; adds tax credits to order of application of tax credits against certain taxes; authorizes DOR to share certain tax information with OFE & OTTED; requires electronic funds transfer for entertainment industry tax credit under ch. 212 & provides procedures for transfer.
Effective Date: July 1, 2009
Last Event: Died in Economic Development Policy Committee on Saturday, May 2, 2009 12:00 AM

Related Bills

Staff Analysis

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Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Economic Development Policy Committee Time: 05/02/2009 - 12:00 AM Member: Committee: Economic Development Policy Committee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/02/2009 - 12:00 AM Member: Committee: Version: __
Event: H 1st Reading Time: 03/03/2009 - 10:03 PM Member: Committee: Version: __
Event: H Now in Economic Development Policy Committee Time: 12/30/2008 - 5:52 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Referred to Full Appropriations Council on Education & Economic Development Time: 12/30/2008 - 5:52 PM Member: Committee: Full Appropriations Council on Education & Economic Development Version: __
Event: H Referred to Transportation & Economic Development Appropriations Committee Time: 12/30/2008 - 5:52 PM Member: Committee: Transportation & Economic Development Appropriations Committee Version: __
Event: H Referred to Finance & Tax Council Time: 12/30/2008 - 5:52 PM Member: Committee: Finance & Tax Council Version: __
Event: H Referred to Economic Development & Community Affairs Policy Council Time: 12/30/2008 - 5:52 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Referred to Economic Development Policy Committee Time: 12/30/2008 - 5:52 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Filed Time: 12/01/2008 - 4:00 PM Member: Precourt Committee: Version: __