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2021 SPECIAL SESSION I
HB 1916 Research and development expenses; tax credit available against the 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. This bill is identical to SB 1112.
FULL TEXT
- 01/10/21 House: Prefiled and ordered printed; offered 01/13/21 21101909D pdf | impact statement
- 02/22/21 House: Bill text as passed House and Senate (HB1916ER) pdf | impact statement
- 03/11/21 Governor: Acts of Assembly Chapter text (CHAP0047) pdf
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)
- 02/16/21 Senate: Reported from Finance and Appropriations (13-Y 0-N)
- 02/16/21 Senate: Constitutional reading dispensed (37-Y 0-N)
- 02/17/21 Senate: Read third time
- 02/17/21 Senate: Passed Senate (38-Y 1-N)
- 02/22/21 House: Enrolled
- 02/22/21 House: Bill text as passed House and Senate (HB1916ER)
- 02/22/21 Senate: Signed by President
- 02/24/21 House: Signed by Speaker
- 02/25/21 House: Enrolled Bill communicated to Governor on February 25, 2021
- 02/25/21 Governor: Governor's Action Deadline 11:59 p.m., March 31, 2021
- 03/11/21 Governor: Approved by Governor-Chapter 47 (effective 7/1/21)
- 03/11/21 Governor: Acts of Assembly Chapter text (CHAP0047)