HB 1109 (2012) -  Businesses Located in Enterprise Zones

by Fullwood
Clarifies that tax exemption for business property purchased for use by businesses located in enterprise zone applies to use tax & not just sales tax; specifies that monetary caps applicable to sales & use tax exemption for business property are calculated on per item basis; deletes provision limiting sales & use tax refunds for business property to amounts in excess of $100 on purchases made within specified time period; revises definitions of terms "eligible business," "job," & "new job has been created" for purposes relating to application of enterprise zone jobs credit against sales tax; revises requirements applicable to making of sworn statements & filing of applications claiming enterprise zone jobs credit against sales tax; authorizes an eligible business that files consolidated tax return to take enterprise zone jobs credit against such business's consolidated tax liability.
Effective Date: July 1, 2012
Last Event: Died in Business & Consumer Affairs Subcommittee on Friday, March 9, 2012 11:59 PM

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Vote History

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Bill History

Event Time Member Committee Ver.
Event: H Died in Business & Consumer Affairs Subcommittee Time: 03/09/2012 - 11:59 PM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H 1st Reading Time: 01/10/2012 - 11:59 PM Member: Committee: Version: __
Event: H Now in Business & Consumer Affairs Subcommittee Time: 01/09/2012 - 12:01 PM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 01/09/2012 - 12:01 PM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 01/09/2012 - 12:01 PM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Business & Consumer Affairs Subcommittee Time: 01/09/2012 - 12:01 PM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Filed Time: 12/21/2011 - 11:57 AM Member: Fullwood Committee: Version: __