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2006 Regular Session bill information current as of June 6, 2006 - 7:40 p.m.
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SENATE BILL 219

File Code: Taxes - Miscellaneous
Crossfiled with: HOUSE BILL 321

Sponsored By:
The President (By Request - Administration) and Senators Brinkley, Forehand, and Giannetti

Entitled:
Business and Economic Development - Biotechnology Investment Incentive Act

Synopsis:

Imposing eligibility restrictions for the State income tax credit allowed for investments in qualified biotechnology companies; altering limits on the amount of credits that may be claimed by specified persons; repealing a provision making the credit refundable under specified circumstances; imposing limits on the amount of credits the Secretary of Business and Economic Development may certify for investments in a single business; repealing provisions providing for the recapture of the credit under specified circumstances; etc.

History by Legislative Date

Senate Action
1/23
First Reading Budget and Taxation
Motion Rules Suspended Referred (Senator Green) Adopted
Referred Budget and Taxation
2/15
Hearing 3/1 at 1:00 p.m.
House Action
No Action

Sponsored by:

President of the Senate
Administration
Senator David R. Brinkley, District 4
Senator Jennie M. Forehand, District 17
Senator John A. Giannetti, Jr., District 21

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INCOME TAX
INDUSTRY AND TECHNOLOGY
INVESTMENTS -see also- SECURITIES
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General
( 10-725 , 10-725 , 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered

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