2006 Regular Session

SENATE BILL 739

File Code: Taxes - Income Crossfiled with: HOUSE BILL 1139
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 Date

Senate Action
2/3
First Reading Budget and Taxation
3/1
Hearing 3/14 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
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 Note (Displayed in PDF Format): Available
Amendments: None offered