Legislation

Title: Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
Sponsored by: Senators King, Feldman, Jones-Rodwell, Kasemeyer, Manno, Peters, and Robey
Status: Approved by the Governor - Chapter 525
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Increasing the maximum total amount of research and development tax credits that the Department of Business and Economic Development may approve in a calendar year from $8,000,000 to $9,000,000; and applying the Act to tax credits certified after December 15, 2013.

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): June 1, 2014

History

Legislation History
Chamber Senate Calendar Date 1/28/2014 Legislative Date 1/29/2014 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/05/2014 Legislative Date 2/05/2014 Action Hearing 2/19 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/11/2014 Legislative Date 3/12/2014 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/13/2014 Legislative Date 3/10/2014 Action Favorable Report Adopted Proceedings 44
Chamber Senate Calendar Date 3/13/2014 Legislative Date 3/10/2014 Action Second Reading Passed Proceedings 44
Chamber Senate Calendar Date 3/17/2014 Legislative Date 3/12/2014 Action Third Reading Passed (47-0) Proceedings 46
Chamber House Calendar Date 3/18/2014 Legislative Date 3/15/2014 Action First Reading Ways and Means Proceedings 51
Chamber House Calendar Date 3/19/2014 Legislative Date 3/19/2014 Action Hearing 3/25 at 1:00 p.m. Proceedings
Chamber House Calendar Date 4/07/2014 Legislative Date 4/07/2014 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/07/2014 Legislative Date 4/01/2014 Action Favorable with Amendments {845467/1 Report Adopted Proceedings 68
Chamber House Calendar Date 4/07/2014 Legislative Date 4/01/2014 Action Second Reading Passed with Amendments Proceedings 68
Chamber House Calendar Date 4/07/2014 Legislative Date 4/02/2014 Action Third Reading Passed with Amendments (98-36) Proceedings 69
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/31/2014 Action Senate Concur - House Amendment Proceedings 65B
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/31/2014 Action Third Reading Passed (46-0) Proceedings 65B
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/31/2014 Action Passed Enrolled Proceedings 65B
Chamber Post Passage Calendar Date 5/15/2014 Legislative Date 5/15/2014 Action Approved by the Governor - Chapter 525 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/28/2014	1/29/2014	First Reading Budget and Taxation
Senate	2/05/2014	2/05/2014	Hearing 2/19 at 1:00 p.m.
Senate	3/11/2014	3/12/2014	Favorable Report by Budget and Taxation
Senate	3/13/2014	3/10/2014	Favorable Report Adopted	44
Senate	3/13/2014	3/10/2014	Second Reading Passed	44
Senate	3/17/2014	3/12/2014	Third Reading Passed (47-0)	46
House	3/18/2014	3/15/2014	First Reading Ways and Means	51
House	3/19/2014	3/19/2014	Hearing 3/25 at 1:00 p.m.
House	4/07/2014	4/07/2014	Favorable with Amendments Report by Ways and Means
House	4/07/2014	4/01/2014	Favorable with Amendments {845467/1 Report Adopted	68
House	4/07/2014	4/01/2014	Second Reading Passed with Amendments	68
House	4/07/2014	4/02/2014	Third Reading Passed with Amendments (98-36)	69
Senate	4/07/2014	3/31/2014	Senate Concur - House Amendment	65B
Senate	4/07/2014	3/31/2014	Third Reading Passed (46-0)	65B
Senate	4/07/2014	3/31/2014	Passed Enrolled	65B
Post Passage	5/15/2014	5/15/2014	Approved by the Governor - Chapter 525

Documents

Date Posted	Document Name
4/07/2014	Amendments House - (Ways and Means) {845467/01 Adopted
1/29/2014	Text - First - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
3/13/2014	Text - Third - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
4/08/2014	Text - Enrolled - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
5/20/2014	Text - Chapter - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts
3/12/2014	Vote - Senate - Committee - Budget and Taxation
4/07/2014	Vote - House - Committee - Ways and Means
3/12/2014	Vote - Senate Floor - Third Reading Passed (47-0) - 03/12/14
3/31/2014	Vote - Senate Floor - Third Reading Passed (46-0) - 03/31/14
4/02/2014	Vote - House Floor - Third Reading Passed (98-36) - 04/02/14

File Code

Subjects

Statutes