CS/HB 671 (2011) -  Research and Development Tax Credits

General Bill by Economic Development & Tourism Subcommittee and Workman (CO-SPONSORS) Abruzzo; Bullard; Steube
Research and Development Tax Credits: Revises legislative intent to include research & development tax credit in ordered list according to which credits against corporate income tax or franchise tax are applied; provides research & development tax credit of specified amount for application by business enterprise against corporate income tax or franchise tax; provides limitation on amount of research & development tax credit that may be applied by business enterprise against tax liability in taxable year; authorizes carryforward of tax credit for specified period; authorizes sale or assignment of credit to another business enterprise; limits total amount of research & development tax credit available annually to all business enterprises; provides for filing of applications for granting & approval of tax credit by DOR; provides for priority in granting tax credit; authorizes department to adopt rules.
Effective Date: July 1, 2011, and is effective for tax years beginning on or after January 1, 2012
Last Event: Died in Finance & Tax Committee; companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) on Saturday, May 7, 2011 2:07 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 942 Subject: Tax Credits For Research and Development Relationship: Similar
Bill #: CS/HB 143 Subject: Economic Development Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/25/2011 10:41:36 AM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/19/2011 1:30:49 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Committee; companion bill(s) passed, see CS/HB 143 (Ch. 2011-76) Time: 05/07/2011 - 2:07 AM Member: Committee: Finance & Tax Committee Version: c1
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: c1
Event: H Now in Finance & Tax Committee Time: 03/28/2011 - 9:41 AM Member: Committee: Finance & Tax Committee Version: c1
Event: H Referred to Finance & Tax Committee Time: 03/28/2011 - 9:41 AM Member: Committee: Finance & Tax Committee Version: c1
Event: H 1st Reading Time: 03/25/2011 - 5:23 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/25/2011 - 10:47 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 03/25/2011 - 10:47 AM Member: Committee: Version: __
Event: H Reported out of Economic Development & Tourism Subcommittee Time: 03/25/2011 - 10:41 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Favorable with CS by Economic Development & Tourism Subcommittee Time: 03/22/2011 - 3:00 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Added to Economic Development & Tourism Subcommittee agenda Time: 03/18/2011 - 4:04 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 02/22/2011 - 8:25 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 02/22/2011 - 8:25 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 02/22/2011 - 8:25 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Rulemaking & Regulation Subcommittee Time: 02/22/2011 - 8:25 AM Member: Committee: Rulemaking & Regulation Subcommittee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 02/22/2011 - 8:25 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Filed Time: 02/08/2011 - 4:50 PM Member: Workman Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.02 CS/HB 143*, HB 197, SB 264, SB 266, HB 297, HB 397, SB 774, SB 790, CS/CS/HB 873*, SB 942, HB 1099, SB 1208, SB 1222, CS/SB 1224, HB 1275, SB 1296, SB 1820, HB 7203*
220.194 HB 197, SB 264, SB 266, HB 397, HB 447, SB 774, HB 819, CS/CS/HB 873*, SB 942, CS/SB 1224, SB 1376, SB 1958, HB 7203*

(*) Not the latest version