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2021 SPECIAL SESSION I
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. This bill is identical to HB 1916.
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 | impact statement
- 02/17/21 Senate: Bill text as passed Senate and House (SB1112ER) pdf | impact statement
- 03/11/21 Governor: Acts of Assembly Chapter text (CHAP0048) 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
- 02/10/21 House: Reported from Finance (21-Y 0-N)
- 02/12/21 House: Read second time
- 02/15/21 House: Read third time
- 02/15/21 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/15/21 House: VOTE: Block Vote Passage (100-Y 0-N)
- 02/17/21 Senate: Enrolled
- 02/17/21 Senate: Bill text as passed Senate and House (SB1112ER)
- 02/17/21 Senate: Signed by President
- 02/18/21 House: Signed by Speaker
- 02/22/21 Senate: Enrolled Bill Communicated to Governor on February 22, 2021
- 02/22/21 Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
- 03/11/21 Governor: Approved by Governor-Chapter 48 (effective 7/1/21)
- 03/11/21 Governor: Acts of Assembly Chapter text (CHAP0048)