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2021 SESSION
SB 1112 Research and development expenses; tax credit available against the bank franchise tax.
Introduced by: Mamie E. Locke | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
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
- 12/15/20 Senate: Prefiled and ordered printed; offered 01/13/21 21101371D pdf | impact statement
- 01/22/21 Senate: Printed as engrossed 21101371D-E pdf
AMENDMENTS
HISTORY
- 12/15/20 Senate: Prefiled and ordered printed; offered 01/13/21 21101371D
- 12/15/20 Senate: Referred to Committee on Finance and Appropriations
- 01/20/21 Senate: Reported from Finance and Appropriations with amendments (15-Y 0-N)
- 01/21/21 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/22/21 Senate: Read second time
- 01/22/21 Senate: Reading of amendments waived
- 01/22/21 Senate: Committee amendments agreed to
- 01/22/21 Senate: Engrossed by Senate as amended SB1112E
- 01/22/21 Senate: Printed as engrossed 21101371D-E
- 01/25/21 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/02/21 House: Placed on Calendar
- 02/02/21 House: Read first time
- 02/02/21 House: Referred to Committee on Finance
- 02/08/21 House: Continued to Special Session 1 in Finance by voice vote