CS/HB 7109 (2010) -  Tax Refund Program for Qualified Target Industry Businesses

General Bill by Economic Development & Community Affairs Policy Council and Economic Development Policy Committee and Carroll (CO-SPONSORS) Dorworth; Fresen; Hasner; Holder; Horner; Mayfield; Plakon; Poppell; Tobia; Weatherford; Williams, T.; Wood
Tax Refund Program for Qualified Target Industry Businesses: Establishes schedule for OTTED to review & revise list of target industries & submit report to Governor & Legislature; revises criteria for evaluating applications for program; requires consideration of state's return on investment in evaluating applications for participation in program; requires EDR to submit reports to Legislature evaluating calculation of state's return on investment for program; requires that additional provisions be included in tax refund agreements; redesignates economic-stimulus exemption as "economic recovery extension"; revises date by which qualified target industry businesses may request economic recovery extensions; authorizes waiver of requirement that qualified target industry businesses annually provide proof of taxes paid under certain conditions; requires OTTED to submit reports to Governor & Legislature concerning failure of qualified target industry businesses to complete their tax refund agreements; revises date by which target industry business may be certified as qualified for program.
Effective Date: July 1, 2010
Last Event: 05/28/10 Chapter No. 2010-136; companion bill(s) passed, see CS/SB 1752 (Ch. 2010-147) on Friday, May 28, 2010 8:01 AM

PCB committee actions:

  • PCB EDP 10-01 recommended by:
    Economic Development Policy Committee
    • On agenda for: 03/03/10   8:00 AM View Notice
    • Favorable With Amendment(s) (final action) See Votes

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 1856 Subject: Qualified Target Industry Tax Refund Program [WPSC] Relationship: Similar
Bill #: CS/CS/HB 1509 Subject: Economic Development Relationship: Compare
Bill #: CS/SB 1752 Subject: Economic Development [WPSC] Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Development & Community Affairs Policy Council 4/8/2010 6:27:26 PM
Chamber: House Committee: Economic Development & Community Affairs Policy Council 4/5/2010 5:19:12 PM
Chamber: House Committee: Economic Development Policy Committee 3/3/2010 2:08:07 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/26/2010 10:19 AM   Yeas: 110 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 932] Barcode:
Chamber: Senate Date: 04/29/2010 03:15 PM   Yeas: 36 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 47] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Chapter No. 2010-136; companion bill(s) passed, see CS/SB 1752 (Ch. 2010-147) Time: 05/28/2010 - 8:01 AM Member: Committee: Version: er
Event: Approved by Governor Time: 05/27/2010 - 6:40 AM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 05/17/2010 - 12:35 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 04/29/2010 - 5:43 PM Member: Committee: Version: c1
Event: H In Messages Time: 04/29/2010 - 5:43 PM Member: Committee: Version: c1
Event: S CS passed; YEAS 36 NAYS 0 -SJ 01076 Time: 04/29/2010 - 3:15 PM Member: Committee: Version: er
Event: S Read 3rd time -SJ 01076 Time: 04/29/2010 - 3:15 PM Member: Committee: Version: er
Event: S Read 2nd time -SJ 00955 Time: 04/28/2010 - 5:14 PM Member: Committee: Version: er
Event: S Substituted for CS/CS/SB 1856 -SJ 00955 Time: 04/28/2010 - 5:14 PM Member: Committee: Version: er
Event: S Withdrawn from Commerce; Finance and Tax; Transportation and Economic Development Appropriations -SJ 00955 Time: 04/28/2010 - 5:14 PM Member: Committee: Version: er
Event: S Referred to Commerce; Finance and Tax; Transportation and Economic Development Appropriations -SJ 00872 Time: 04/26/2010 - 7:23 PM Member: Committee: Version: er
Event: S Received -SJ 00872 Time: 04/26/2010 - 7:22 PM Member: Committee: Version: er
Event: S In Messages Time: 04/26/2010 - 10:56 AM Member: Committee: Version: er
Event: H Message sent to senate Time: 04/26/2010 - 10:52 AM Member: Committee: Version: c1
Event: H CS passed; YEAS 110, NAYS 0 Time: 04/26/2010 - 10:19 AM Member: Committee: Version: c1
Event: H Passage on third reading Time: 04/26/2010 - 10:19 AM Member: Committee: Version: c1
Event: H Read 3rd time Time: 04/26/2010 - 10:18 AM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 04/22/2010 - 9:38 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 04/22/2010 - 4:29 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/22/2010) Time: 04/20/2010 - 6:23 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 04/12/2010 - 3:47 PM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 04/12/2010 - 3:47 PM Member: Committee: Version: c1
Event: H 1st Reading Time: 04/09/2010 - 5:25 PM Member: Committee: Version: c1
Event: H CS Filed Time: 04/08/2010 - 6:33 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.20 Time: 04/08/2010 - 6:33 PM Member: Committee: Version: __
Event: H Reported out of Economic Development & Community Affairs Policy Council Time: 04/08/2010 - 6:28 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Favorable with CS by Economic Development & Community Affairs Policy Council Time: 04/07/2010 - 12:00 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Added to Economic Development & Community Affairs Policy Council agenda Time: 04/05/2010 - 4:25 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H 1st Reading Time: 03/15/2010 - 6:08 PM Member: Committee: Version: __
Event: H Now in Economic Development & Community Affairs Policy Council Time: 03/15/2010 - 5:40 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Now in Economic Development & Community Affairs Policy Council Time: 03/15/2010 - 5:40 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Referred to Economic Development & Community Affairs Policy Council Time: 03/15/2010 - 5:40 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Filed Time: 03/15/2010 - 8:40 AM Member: Committee: Economic Development Policy Committee Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
159.803 CS/CS/HB 1509
220.191 HB 675, CS/CS/HB 1509
288.106 CS/CS/HB 1509
288.107 HB 1177, CS/CS/HB 1509
288.1089 CS/CS/HB 1509
290.00677 HB 997, CS/CS/HB 1509