Legislation

Title: Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
Sponsored by: Senators King, Currie, DeGrange, Feldman, Ferguson, Guzzone, Madaleno, Manno, McFadden, Middleton, Peters, and Young
Status: Approved by the Governor - Chapter 743
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Increasing from $4,500,000 in calendar year 2016 to $6,500,000 in calendar year 2017 and each calendar year thereafter, the maximum total amount of research and development tax credits that the Department of Commerce may approve in the specified calendar years; and applying the Act to all research and development tax credits certified after December 15, 2016.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: HB0240

Introduced in a prior session as: SB0211 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber Senate Calendar Date 1/19/2017 Legislative Date 1/19/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts Proceedings
Chamber Senate Calendar Date 1/25/2017 Legislative Date 1/25/2017 Action Hearing 2/08 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 2/20/2017 Legislative Date 2/20/2017 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/21/2017 Legislative Date 2/21/2017 Action Favorable Adopted Proceedings 28 Click to view Recorded Media
Chamber Senate Calendar Date 2/21/2017 Legislative Date 2/21/2017 Action Second Reading Passed Proceedings 28 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts Proceedings
Chamber Senate Calendar Date 2/23/2017 Legislative Date 2/23/2017 Action Third Reading Passed (47-0) Proceedings 30 Click to view Recorded Media
Chamber House Calendar Date 2/24/2017 Legislative Date 2/24/2017 Action Referred Ways and Means Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/01/2017 Legislative Date 3/01/2017 Action Hearing 3/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/08/2017 Legislative Date 4/08/2017 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/08/2017 Legislative Date 4/01/2017 Action Favorable with Amendments {655364/1 Adopted Proceedings 66 Click to view Recorded Media
Chamber House Calendar Date 4/08/2017 Legislative Date 4/01/2017 Action Second Reading Passed with Amendments Proceedings 66 Click to view Recorded Media
Chamber House Calendar Date 4/10/2017 Legislative Date 4/02/2017 Action Third Reading Passed (113-27) Proceedings 67 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/03/2017 Action Senate Concurs House Amendments Proceedings 63AClick to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/03/2017 Action Third Reading Passed (46-0) Proceedings 63AClick to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/03/2017 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts Proceedings
Chamber Post Passage Calendar Date 5/25/2017 Legislative Date 5/25/2017 Action Approved by the Governor - Chapter 743 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/19/2017	1/19/2017	First Reading Budget and Taxation
			Text - First - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
Senate	1/25/2017	1/25/2017	Hearing 2/08 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	2/20/2017	2/20/2017	Favorable Report by Budget and Taxation
Senate	2/21/2017	2/21/2017	Favorable Adopted	28 Click to view Recorded Media
Senate	2/21/2017	2/21/2017	Second Reading Passed	28 Click to view Recorded Media
			Text - Third - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
Senate	2/23/2017	2/23/2017	Third Reading Passed (47-0)	30 Click to view Recorded Media
House	2/24/2017	2/24/2017	Referred Ways and Means	33 Click to view Recorded Media
House	3/01/2017	3/01/2017	Hearing 3/22 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/08/2017	4/08/2017	Favorable with Amendments Report by Ways and Means
House	4/08/2017	4/01/2017	Favorable with Amendments {655364/1 Adopted	66 Click to view Recorded Media
House	4/08/2017	4/01/2017	Second Reading Passed with Amendments	66 Click to view Recorded Media
House	4/10/2017	4/02/2017	Third Reading Passed (113-27)	67 Click to view Recorded Media
Senate	4/10/2017	4/03/2017	Senate Concurs House Amendments	63AClick to view Recorded Media
Senate	4/10/2017	4/03/2017	Third Reading Passed (46-0)	63AClick to view Recorded Media
Senate	4/10/2017	4/03/2017	Passed Enrolled
			Text - Enrolled - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
Post Passage	5/25/2017	5/25/2017	Approved by the Governor - Chapter 743
			Text - Chapter - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts

File Code

Subjects

Statutes