HB 1347 (2012) -  Corporate Transparency in the State Budget

by Randolph (CO-SPONSORS) Jenne
Creates "Corporate Transparency in the State Budget Act"; requires each granting body & recipient corporation to complete application for economic development subsidy on form prepared by DEO; requires each contracting agency & applicant for contract bid to complete application prepared by DEO; requires economic development subsidy reports & details criteria for such reports; authorizes Auditor General to conduct contract audits; requires DEO to compile & report annual tax expenditure budget with revenues equal to or exceeding certain amount; requires DEO to submit report to Governor & Legislature assessing certain credits, abatements, exemptions, & reductions; requires each property taxing entity to submit annual report for property receiving tax abatement or reduction during fiscal year; requires certain corporations doing business in state to file tax disclosure statement with DOR; requires that DOR make tax disclosure statements available to public; requires DOR to develop oversight & penalty system; authorizes rulemaking authority.
Effective Date: July 1, 2012
Last Event: Died in Business & Consumer Affairs Subcommittee on Friday, March 9, 2012 11:59 PM

Related Bills

Staff Analysis

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Vote History

(No Votes Recorded)

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 Now in Business & Consumer Affairs Subcommittee Time: 01/12/2012 - 11:18 AM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 01/12/2012 - 11:18 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Appropriations Committee Time: 01/12/2012 - 11:18 AM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Rulemaking & Regulation Subcommittee Time: 01/12/2012 - 11:18 AM Member: Committee: Rulemaking & Regulation Subcommittee Version: __
Event: H Referred to Business & Consumer Affairs Subcommittee Time: 01/12/2012 - 11:18 AM Member: Committee: Business & Consumer Affairs Subcommittee Version: __
Event: H 1st Reading Time: 01/10/2012 - 11:59 PM Member: Committee: Version: __
Event: H Filed Time: 01/06/2012 - 3:36 PM Member: Randolph Committee: Version: __