SB 684 (2012) -  Economic Development

by Ring
Requiring the Department of Economic Opportunity to designate a director of manufacturing; amending provisions relating to a tax credit program for capital investment by certain qualifying businesses; requiring a capital investment of at least $10 million as a criteria for a qualified project; providing tax credits for qualifying businesses that are located out of state; providing that a capital investment of a specified amount qualifies a target industry business for the tax refund; creating the Manufacturing Capital Investment Tax Refund Program within the Department of Economic Opportunity; providing for amounts of capital investments for certain manufacturing businesses that are eligible for tax refunds; providing for the application and approval process for qualified projects; authorizing the Division of Strategic Business Development in the Department of Economic Opportunity to adopt rules, 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
  • 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 58 Time: 01/10/2012 - 8:28 AM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Budget -SJ 58 Time: 11/16/2011 - 3:55 PM Member: Committee: Version: __
Event: S Filed Time: 10/26/2011 - 8:51 AM Member: Committee: Version: __