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2008 Regular Session bill information current as of November 23, 2008 - 0:19 a.m.
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HOUSE BILL 723

CHAPTER NUMBER: 518
File Code: Taxes - Income

Sponsored By:
Chair, Ways and Means Committee (By Request - Departmental - Business and Economic Development)

Entitled:
Business and Economic Development - Biotechnology Investment Incentive Act

Synopsis:

Altering eligibility criteria and requirements for claiming a credit against the State income tax for investments in specified biotechnology businesses; prohibiting the certification of credits for investments in a single company for any fiscal year in excess of 15% of the total appropriations to a specified reserve fund for the fiscal year; providing for recapture of the credit under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used. Explain Legislative Date and Calendar Date
House Action
2/4
First Reading Ways and Means
2/6
Hearing 3/12 at 1:00 p.m.
3/17
Favorable with Amendments Report by Ways and Means
3/15
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/16
Third Reading Passed (133-0)
3/30
Returned Passed
Senate Action
3/20
First Reading Budget and Taxation
3/24
Hearing 3/26 at 1:00 p.m.
4/2
Favorable Report by Budget and Taxation
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (46-0)
Action after passage in House and Senate
5/13
Approved by the Governor
- Chapter 518

Sponsored by:

Ways and Means Committee, Chair
Departmental
Business and Economic Development, Department of

Bill indexed under the following Subjects:

Business and Economic Development, Department of
Income Tax
Industry and Technology
Investments -see also- Securities
Rules and Regulations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-725 )

Documents:

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

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

Amendments (Displayed in PDF Format):
House
Number: 835467/01     Offered on: March 18, 2008   at: 12:22 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):
House
March 16, 2008: Third Reading Passed (133-0)
Senate
April 1, 2008: Third Reading Passed (46-0)



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