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2008 SESSION

• | print version

HB 1151 Income tax, corporate; sales tax exemption for space flight entities.

Introduced by: Clarence E. Phillips | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Corporate tax subtraction and sales tax exemption for space flight entities.   Provides a corporate income tax subtraction for any gain recognized as a result of (i) passenger ticket sales on a suborbital spaceflight and (ii) resupply services contracts entered with NASA.  It also extends the current sales and use tax exemption to include the sale of spaceflight services or activities to spaceflight participants and it extends the sunset date for the exemption to July 1, 2015.  HB 1151 is rolled into HB 238.

FULL TEXT

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 080597680  pdf | impact statement

HISTORY

• 01/09/08  House: Prefiled and ordered printed; offered 01/09/08 080597680
• 01/09/08  House: Referred to Committee on Finance
• 01/15/08  House: Assigned Finance sub: 2
• 02/04/08  House: Incorporated by Finance (HB238-Cosgrove) by voice vote