Skip to content

Bills · 2017-2018 Regular Session

SB 106

Died at session end Official bill text Atom feed

Relating to: an income and franchise tax credit for businesses that recycle mattresses. (FE)

Business Corporation — Taxation Franchise — Taxation Income tax — Credit Personal property Recycling

  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 for a business that recycles

mattresses in this state. The credit is equal to 10 percent of the amount a business

pays in the taxable year for machinery and equipment used exclusively to recycle

mattresses. If the amount of the credit exceeds the claimant's tax liability, the

claimant does not receive a refund, but may claim the amount of the unused credit

in subsequent taxable years.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Shilling (D)

8 cosponsors

Billings (D) , Considine (D) , Crowley (D) , Doyle (D) , Pope (D) , Sargent (D) , Sinicki (D) , Subeck (D)

Full history

  1. Mar 9, 2017 · Senate

    Introduced by Senator Shilling; cosponsored by Representatives Doyle, Pope, Sargent, Considine, Crowley, Billings and Sinicki

  2. Mar 9, 2017 · Senate

    Read first time and referred to Committee on Revenue, Financial Institutions and Rural Issues

  3. Mar 13, 2017 · Senate

    Representative Subeck added as a cosponsor

  4. Mar 23, 2017 · Senate

    Senate Amendment 1 offered by Senator Shilling

  5. Mar 24, 2017 · Senate

    Fiscal estimate received

  6. Mar 28, 2018 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1