HB 1115 (2009) -  Tax Credits

General Bill by Tobia (CO-SPONSORS) Coley; Kelly; Poppell; Porth; Williams, T.
Tax Credits: Revises priority of tax credits taken against corporate income tax or franchise tax; redefines term "adjusted federal income" to include specified tax credits; authorizes aerospace sector jobs tax credits & tuition reimbursement tax credits; authorizes tax credit to aerospace businesses based upon salary or tuition reimbursed to specified employees; specifies maximum annual amount of tax credits for aerospace business; limits annual amount of tax credits available; provides for DOR to approve applications for tax credits; prohibits increases in amount of unused tax credits carried over in amended tax returns; provides fines & criminal penalties for specified unlawful claims of tax credits; provides for expiration of tax credit program.
Effective Date: January 1, 2010
Last Event: Died in Economic Development Policy Committee on Saturday, May 2, 2009 12:00 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 2156 Subject: Tax Credits/Aerospace Sector [WPSC] Relationship: Similar

Bill Text

Staff Analysis

(None Available)

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Event: H Indefinitely postponed and withdrawn from consideration Time: 05/02/2009 - 12:00 AM Member: Committee: Version: __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 Now in Economic Development Policy Committee Time: 03/09/2009 - 9:46 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Referred to Finance & Tax Council Time: 03/09/2009 - 9:46 PM Member: Committee: Finance & Tax Council Version: __
Event: H Referred to Economic Development & Community Affairs Policy Council Time: 03/09/2009 - 9:46 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Referred to Economic Development Policy Committee Time: 03/09/2009 - 9:46 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H 1st Reading Time: 03/03/2009 - 10:03 PM Member: Committee: Version: __
Event: H Filed Time: 02/24/2009 - 3:21 PM Member: Tobia Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.02 HB 43, HB 47, HB 423, CS/CS/HB 485, HB 577, HB 925
220.13 HB 43, HB 459, CS/CS/HB 485, HB 925, HB 1197, HB 1247, HB 5127
220.1811