Legislation

Allowing a credit against the State income tax for certain qualified capital expenses for use in value-added processing conducted in the State; requiring the Department of Commerce to administer the tax credit; prohibiting a certain business entity from claiming, for the same qualified capital expenses, the credit under the Act and a certain credit against the State income tax for certain expenditures at certain wineries and certain vineyards; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 2/03/2020 Legislative Date 2/03/2020 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/06/2020 Legislative Date 2/06/2020 Action Hearing 3/04 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax Credit - Value-Added Processing Expenses Proceedings
Chamber Senate Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing 3/04 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/03/2020	2/03/2020	First Reading Budget and Taxation
Senate	2/06/2020	2/06/2020	Hearing 3/04 at 2:00 p.m.
			Text - First - Income Tax Credit - Value-Added Processing Expenses
Senate	2/10/2020	2/10/2020	Hearing canceled
Senate	2/10/2020	2/10/2020	Hearing 3/04 at 1:00 p.m.

File Code

Subjects

Statutes