Legislation

Title: Income Tax - Aerospace, Electronics, or Defense Contract Tax Credit Program
Sponsored by: The President (By Request - Departmental - Commerce)
Status: Approved by the Governor - Chapter 320
Analysis: Fiscal and Policy Note

Synopsis

Allowing a qualified business entity operating a specified aerospace, electronics, or defense contract tax credit project to claim a credit against the State income tax; requiring the Department of Economic Competitiveness and Commerce to certify a business entity as a qualified business entity within a specified period of time; providing that a project is eligible for designation by the Department as an aerospace, electronics, or defense contract tax credit project under specified circumstances; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2016

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 2/22/2016 Legislative Date 2/23/2016 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 3/01/2016 Legislative Date 3/02/2016 Action Rereferred to Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/09/2016 Legislative Date 3/09/2016 Action Hearing 3/16 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 4/07/2016 Legislative Date 4/07/2016 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/07/2016 Legislative Date 4/01/2016 Action Favorable Report Adopted Proceedings 61
Chamber Senate Calendar Date 4/07/2016 Legislative Date 4/01/2016 Action Floor Amendment (Senator Pinsky) {273128/1 Rejected (14-29) Proceedings 61
Chamber Senate Calendar Date 4/07/2016 Legislative Date 4/01/2016 Action Second Reading Passed Proceedings 61
Chamber Senate Calendar Date 4/08/2016 Legislative Date 4/02/2016 Action Third Reading Passed (31-13) Proceedings 62
Chamber House Calendar Date 4/08/2016 Legislative Date 4/02/2016 Action First Reading House Rules and Executive Nominations Proceedings 65
Chamber House Calendar Date 4/08/2016 Legislative Date 4/08/2016 Action Rereferred to Ways and Means Proceedings
Chamber House Calendar Date 4/08/2016 Legislative Date 4/08/2016 Action Hearing 4/09 at 9:30 a.m. Proceedings
Chamber House Calendar Date 4/09/2016 Legislative Date 4/11/2016 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/11/2016 Legislative Date 4/06/2016 Action Favorable Report Adopted Proceedings 69
Chamber House Calendar Date 4/11/2016 Legislative Date 4/06/2016 Action Second Reading Passed Proceedings 69
Chamber House Calendar Date 4/11/2016 Legislative Date 4/07/2016 Action Floor Amendment (Delegate S. Robinson) {173221/1 Rejected (33-101) Proceedings 70
Chamber House Calendar Date 4/11/2016 Legislative Date 4/07/2016 Action Motion vote previous question (Delegate Bromwell) Adopted Proceedings 70
Chamber House Calendar Date 4/11/2016 Legislative Date 4/07/2016 Action Third Reading Passed (76-57) Proceedings 70
Chamber Senate Calendar Date 4/12/2016 Legislative Date 4/08/2016 Action Returned Passed Proceedings 68
Chamber Post Passage Calendar Date 5/10/2016 Legislative Date 5/10/2016 Action Approved by the Governor - Chapter 320 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/22/2016	2/23/2016	First Reading Senate Rules
Senate	3/01/2016	3/02/2016	Rereferred to Budget and Taxation
Senate	3/09/2016	3/09/2016	Hearing 3/16 at 1:00 p.m.
Senate	4/07/2016	4/07/2016	Favorable Report by Budget and Taxation
Senate	4/07/2016	4/01/2016	Favorable Report Adopted	61
Senate	4/07/2016	4/01/2016	Floor Amendment (Senator Pinsky) {273128/1 Rejected (14-29)	61
Senate	4/07/2016	4/01/2016	Second Reading Passed	61
Senate	4/08/2016	4/02/2016	Third Reading Passed (31-13)	62
House	4/08/2016	4/02/2016	First Reading House Rules and Executive Nominations	65
House	4/08/2016	4/08/2016	Rereferred to Ways and Means
House	4/08/2016	4/08/2016	Hearing 4/09 at 9:30 a.m.
House	4/09/2016	4/11/2016	Favorable Report by Ways and Means
House	4/11/2016	4/06/2016	Favorable Report Adopted	69
House	4/11/2016	4/06/2016	Second Reading Passed	69
House	4/11/2016	4/07/2016	Floor Amendment (Delegate S. Robinson) {173221/1 Rejected (33-101)	70
House	4/11/2016	4/07/2016	Motion vote previous question (Delegate Bromwell) Adopted	70
House	4/11/2016	4/07/2016	Third Reading Passed (76-57)	70
Senate	4/12/2016	4/08/2016	Returned Passed	68
Post Passage	5/10/2016	5/10/2016	Approved by the Governor - Chapter 320

Documents

Date Posted	Document Name
4/07/2016	Amendments Senate - (Senator Pinsky) {273128/01 Rejected
4/11/2016	Amendments House - (Delegate Robinson, S.) {173221/01 Rejected
2/23/2016	Text - First - Income Tax - Aerospace, Electronics, or Defense Contract Tax Credit Program
4/07/2016	Text - Third - Income Tax - Aerospace, Electronics, or Defense Contract Tax Credit Program
5/18/2016	Text - Chapter - Income Tax - Aerospace, Electronics, or Defense Contract Tax Credit Program
4/07/2016	Vote - Senate - Committee - Budget and Taxation
4/11/2016	Vote - House - Committee - Ways and Means
4/01/2016	Vote - Senate Floor - Floor Amendment (Pinsky) {273128/1 Rejected (14-29) - 04/01/16
4/02/2016	Vote - Senate Floor - Third Reading Passed (31-13) - 04/02/16
4/07/2016	Vote - House Floor - Floor Amendment (B. Robinson S) {173221/1 Rejected (33-101) - 04/07/16
4/07/2016	Vote - House Floor - Third Reading Passed (76-57) - 04/07/16

File Code

Subjects

Statutes