2005 Regular Session

SENATE BILL 620

File Code: Taxes - Income Crossfiled with: HOUSE BILL 664
Sponsored By:
Senators Forehand, Britt, Currie, Della, Frosh, Garagiola, Giannetti, Hogan, Hollinger, Jones, Klausmeier, Kramer, Lawlah, McFadden, Munson, Ruben, and Teitelbaum
Entitled:
Biotechnology Investment Incentive Act

Synopsis:

Providing for credits against State taxes for investments in biotechnology companies; providing for applications to the Department of Business and Economic Development for approval of the credit and certification by the Department to investors of approved credit amounts; providing for the issuance of specified initial credit certificates by the Department, subject to specified requirements and limitations; etc.

History by Legislative Date

Senate Action
2/4
First Reading Budget and Taxation
2/9
Hearing 2/23 at 1:00 p.m.
4/8

Favorable with Amendments Report by Budget and Taxation
4/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/7
Third Reading Passed (46-0)
House Action
4/6
First Reading House Rules and Executive Nominations
4/11
Re-referred Ways and Means

Sponsored by:

Senator Jennie M. Forehand, District 17
Senator Gwendolyn Britt, District 47
Senator Ulysses Currie, District 25
Senator George W. Della, Jr., District 46
Senator Brian E. Frosh, District 16
Senator Rob Garagiola, District 15
Senator John A. Giannetti, Jr., District 21
Senator Patrick J. Hogan, District 39
Senator Paula C. Hollinger, District 11
Senator Verna L. Jones, District 44
Senator Katherine Klausmeier, District 8
Senator Rona E. Kramer, District 14
Senator Gloria Lawlah, District 26
Senator Nathaniel J. McFadden, District 45
Senator Donald F. Munson, District 2
Senator Ida G. Ruben, District 20
Senator Leonard H. Teitelbaum, District 19

Bill indexed under the following Subjects:

APPROPRIATIONS
AUDITORS AND AUDITS
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
INCOME TAX
INDUSTRY AND TECHNOLOGY
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INVESTMENTS -see also- SECURITIES
NOTICES
REPORTS
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
RULES AND REGULATIONS
SMALL BUSINESS
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
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
Senate
Number: 699438/01 (PDF)     Offered on: April 8, 2005   at: 12:27 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
April 7, 2005: Third Reading Passed (46-0)