HOUSE BILL 592

Sponsored By:

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

Entitled:

Tax Credit for Businesses That Create New Jobs - Enhanced Credit - Extension

Synopsis:

Extending the duration of the enhanced tax credit for businesses that create new jobs for specified business entities that construct or expand specified business premises and meet specified obligations for an additional 12-year period; declaring a specified intent of the General Assembly; etc.

History by Legislative and Calendar Date

House Action

2/6

First Reading Ways and Means

2/9

Hearing 2/28 at 1:00 p.m.

3/21

Favorable Report by Ways and Means

3/20

Favorable Report Adopted

Second Reading Passed

3/22

Third Reading Passed (133-4)

3/30

Returned Passed

Senate Action

3/22

First Reading Budget and Taxation

3/28

Hearing 3/29 at 1:30 p.m.

4/2

Favorable Report by Budget and Taxation

3/27

Favorable Report Adopted

Second Reading Passed

3/28

Third Reading Passed (43-0)

Action after passage in House and Senate

4/10

Approved by the Governor

- Chapter 128

Sponsored by:

Ways and Means Committee, Chair

Departmental

Business and Economic Development, Department of

Bill indexed under the following Subjects:

Commerce and Business -see also- Dealers; Elec. Comm.; etc

Construction

Financial Institutions -see also- Banks; Credit Unions; etc.

Franchise Tax

Income Tax

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Property Tax

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Tax Credits -see also- Circuit Breaker

Work, Labor and Employment -see also- Col Barg; Holiday; etc

Bill affects the following Statute:

Tax - Property

( 9-230 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Ways and Means

Senate

Budget and Taxation

Roll Call Votes (Legislative dates are shown):

House

March 22, 2012: Third Reading Passed (133-4)

Senate

March 28, 2012: Third Reading Passed (43-0)