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2021 SESSION
HB 1916 Research and development tax credits; availability against bank franchise tax.
Introduced by: Martha M. Mugler | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Research and development tax credits. Provides that the research and development expenses tax credit and the major research and development expenses tax credit shall be available against the bank franchise tax for taxable years beginning on and after January 1, 2021. Under current law, the credits are available only against the individual and corporate income tax.
FULL TEXT
HISTORY
- 01/10/21 House: Prefiled and ordered printed; offered 01/13/21 21101909D
- 01/10/21 House: Referred to Committee on Finance
- 01/16/21 House: Assigned Finance sub: Subcommittee #2
- 01/19/21 House: Subcommittee recommends reporting (11-Y 0-N)
- 01/20/21 House: Reported from Finance (22-Y 0-N)
- 01/21/21 House: Read first time
- 01/22/21 House: Read second time and engrossed
- 01/25/21 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 01/25/21 House: VOTE: Block Vote Passage (100-Y 0-N)
- 01/26/21 Senate: Constitutional reading dispensed
- 01/26/21 Senate: Referred to Committee on Finance and Appropriations
- 02/05/21 Senate: Continued to 2021 Sp. Sess. 1 in Finance and Appropriations (16-Y 0-N)