SB 236 (2012) -  Economic Development

by Ring
Creating the Commercialization Credit Transfer Program; providing legislative findings that it is in the state’s interest to promote the commercialization of products and services developed by technology companies; authorizing the Department of Revenue to share certain confidential information with the Department of Economic Opportunity; redefining the term “adjusted federal income” in relation to net operating losses transferred and payments received for a certified credit pursuant to the Commercialization Credit Transfer Program; providing for the allocation of financial assistance pursuant to the Commercialization Credit Transfer Program as income in this state; creating the Commercialization Credit Transfer Program; requiring the Department of Economic Opportunity to certify eligible companies for the transfer of corporate income tax net operating loss amounts as certified credits, etc.
Effective Date: 07/01/2012
Last Event: 03/09/12 S Died in Commerce and Tourism on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
  • Banking and Insurance
  • Budget

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Commerce and Tourism Time: 03/09/2012 - 11:59 PM Member: Committee: Version: __
Event: S Introduced -SJ 25 Time: 01/10/2012 - 8:28 AM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Banking and Insurance; Budget -SJ 25 Time: 09/21/2011 - 4:13 PM Member: Committee: Version: __
Event: S Filed Time: 09/14/2011 - 8:37 AM Member: Committee: Version: __