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2007 Regular Session bill information current as of October 3, 2007 - 11:20 p.m.
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SENATE BILL 428

File Code: Taxes - Income
Prior Year Introduction As: SB 739/06

Sponsored By:
Senator McFadden

Entitled:
Corporate Income Tax - Tax Credit for Location in a Higher Education-Affiliated Research Park


Synopsis:

Providing a tax credit against the State income tax for eligible expenses of corporations that locate to a higher education-affiliated research park; requiring the Department of Business and Economic Development to administer the tax credit; requiring the Department to adopt regulations jointly with the Comptroller; providing that tax credits for eligible expenses of corporations that locate to a higher education-affiliated research park may be transferred under specified circumstances; etc.


History by Legislative and Calendar Date Explain Legislative Date and Calendar Date

Senate Action
2/2
First Reading Budget and Taxation
2/7
Hearing 2/28 at 1:00 p.m.
3/12
Unfavorable Report by Budget and Taxation
House Action
No Action

Bill indexed under the following Subjects:

Business and Economic Development, Department of
Commerce and Business -see also- Dealers; Traders; etc
Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Industry and Technology
Notices
Reports
Rules and Regulations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-726 )


Documents:

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

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered



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