CS/HB 1069 (2011) -  Capital Investment Tax Credit

General Bill by Economic Development & Tourism Subcommittee and Dorworth
Capital Investment Tax Credit: Specifies procedures to claim sales & use tax credit; authorizes qualifying business that has insufficient corporate income tax liability to fully claim capital investment tax credit to apply credit against its liability for sales & use taxes to be collected, reported, & remitted to DOR; requires qualifying business that receives credit against its sales & use tax liability to make additional capital investments; requires qualifying business to annually report its capital investments to OTTED, President of Senate, & Speaker of House; requires qualifying business that fails to make required capital investments to repay amount of sales & use tax credit claimed with interest; limits availability of sales & use tax credit to certain businesses that have their headquarters in this state, that qualify for capital investment tax credit, & that entered into agreement with DOR during certain period; limits annual amount of tax credits that may be approved for each eligible qualifying business; authorizes OTTED & DOR to adopt rules.
Effective Date: July 1, 2011
Last Event: Died in Finance & Tax Committee on Saturday, May 7, 2011 2:07 AM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 1470 Subject: Capital Investment Tax Credit Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Finance & Tax Committee 3/29/2011 9:40:02 AM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/25/2011 1:42:59 PM
Chamber: House Committee: Economic Development & Tourism Subcommittee 3/19/2011 1:32:40 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Committee 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Event: H Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: c1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 Added to Finance & Tax Committee agenda Time: 03/28/2011 - 4:26 PM Member: Committee: Finance & Tax Committee Version: c1
Event: H Now in Finance & Tax Committee Time: 03/28/2011 - 9:48 AM Member: Committee: Finance & Tax Committee Version: c1
Event: H Referred to Finance & Tax Committee Time: 03/28/2011 - 9:48 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 - 1:58 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 03/25/2011 - 1:58 PM Member: Committee: Version: __
Event: H Reported out of Economic Development & Tourism Subcommittee Time: 03/25/2011 - 1:43 PM 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 Now in Economic Development & Tourism Subcommittee Time: 03/10/2011 - 3:26 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 03/10/2011 - 3:26 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 03/10/2011 - 3:26 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Rules & Calendar Committee Time: 03/10/2011 - 3:26 PM Member: Committee: Rules & Calendar Committee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 03/10/2011 - 3:26 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/08/2011 - 10:24 PM Member: Committee: Version: __
Event: H Filed Time: 03/01/2011 - 10:59 AM Member: Dorworth Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
212.08 SB 268, HB 455, CS/SB 508*, HB 639*, HB 675, SB 912, SB 924, HB 995, SB 1080, HB 1099, HB 1175, CS/CS/HB 1231*, SB 1242, HB 1275, SB 1296, HB 1349, SB 1406, CS/CS/SB 1460*, CS/SB 1470, CS/CS/SB 1524, CS/SB 1548, SB 1632, SB 1724, SB 1810, SB 1820, SB 2152, SB 2156, HB 4033*, HB 7009, HB 7217, HB 7247
220.191 CS/CS/CS/SB 248, HB 905, HB 1175, SB 1222, SB 1296, SB 1436, CS/CS/SB 1460*, CS/SB 1470, SB 2156, HB 7247

(*) Not the latest version