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Bills · 2015-2016 Regular Session

SB 525

Died at session end Official bill text Atom feed

Relating to: an industry cluster research and development tax credit. (FE)

Business Franchise — Taxation Income tax — Credit Industrial development Insurance Organization, miscellaneous

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill creates an income and franchise tax credit equal to 25 percent of a

taxpayer's qualified research expenses for research conducted in this state, if the

research is approved by an industry cluster partnership. An industry cluster

partnership is, generally, a nonprofit organization that primarily assists in

developing and supporting a regional concentration of private sector businesses that

share a common interest in fostering industry-specific research and development.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Darling (R)

5 cosponsors

Ballweg (R) , E. Brooks (R) , Kitchens (R) , Neylon (R) , Petryk (R)

Votes

Senate: Report adoption of Senate Amendment 1 recommended by Committee on Economic Development and Commerce, Ayes 3, Noes 2

Passed 3–2 Jan 28, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report passage as amended recommended by Committee on Economic Development and Commerce, Ayes 3, Noes 2

Passed 3–2 Jan 28, 2016 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Jan 7, 2016 · Senate

    Introduced by Senator Darling; cosponsored by Representatives Neylon, Ballweg, Kitchens, E. Brooks and Petryk

  2. Jan 7, 2016 · Senate

    Read first time and referred to Committee on Economic Development and Commerce

  3. Jan 19, 2016 · Senate

    Public hearing held

  4. Jan 25, 2016 · Senate

    Fiscal estimate received

  5. Jan 26, 2016 · Senate

    Senate Amendment 1 offered by Senator Darling

  6. Jan 27, 2016 · Senate

    Executive action taken

  7. Jan 28, 2016 · Senate

    Report adoption of Senate Amendment 1 recommended by Committee on Economic Development and Commerce, Ayes 3, Noes 2

  8. Jan 28, 2016 · Senate

    Report passage as amended recommended by Committee on Economic Development and Commerce, Ayes 3, Noes 2

  9. Jan 28, 2016 · Senate

    Available for scheduling

  10. Feb 2, 2016 · Senate

    Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)

  11. Apr 13, 2016 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1