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CS/SB 1470 (2011) -  Capital Investment Tax Credit

General Bill by Commerce and Tourism and Altman
Capital Investment Tax Credit: Specifies procedures to claim a sales and use tax credit. Authorizes a qualifying business that has insufficient corporate income tax liability to fully claim a capital investment tax credit to apply the credit against its liability for sales and use taxes to be collected, reported, and remitted to the Department of Revenue. Requires a qualifying business that receives a credit against its sales and use tax liability to make additional capital investments, etc.
Effective Date: 07/01/2011
Last Event: 05/07/11 S Died in Budget on Saturday, May 7, 2011 3:35 AM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
    • On agenda for: 03/22/11 1:15 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 7   Nays 0
  • Budget

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 1069 Subject: Capital Investment Tax Credit Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Commerce and Tourism 3/23/2011 10:08:53 AM
Chamber: Senate Committee: Commerce and Tourism 3/21/2011 1:21:03 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Budget Time: 05/07/2011 - 3:35 AM Member: Committee: Version: c1
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/07/2011 - 12:01 AM Member: Committee: Version: c1
Event: S Now in Budget -SJ 270 Time: 03/24/2011 - 1:30 PM Member: Committee: Version: c1
Event: S CS by Commerce and Tourism read 1st time -SJ 277 Time: 03/23/2011 - 5:53 PM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/23/2011 - 11:05 AM Member: Committee: Version: __
Event: S CS by Commerce and Tourism; YEAS 7 NAYS 0 -SJ 270 Time: 03/22/2011 - 3:48 PM Member: Committee: Version: __
Event: S On Committee agenda-- Commerce and Tourism, 03/22/11, 1:15 pm, 401 Senate Office Building Time: 03/17/2011 - 4:41 PM Member: Committee: Version: __
Event: S Introduced -SJ 168 Time: 03/10/2011 - 8:20 AM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Budget -SJ 168 Time: 03/09/2011 - 1:33 PM Member: Committee: Version: __
Event: S Filed Time: 03/01/2011 - 1:20 PM Member: 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, CS/HB 1069, 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/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, CS/HB 1069, HB 1175, SB 1222, SB 1296, SB 1436, CS/CS/SB 1460*, SB 2156, HB 7247

(*) Not the latest version