HB 607 (2010) -  Tax Credits for Research and Development

General Bill by Plakon (CO-SPONSORS) Adkins; Ambler; Burgin; Carroll; Crisafulli; Culp; Domino; Dorworth; Eisnaugle; Gaetz; Homan; Horner; Kelly; Nehr; Planas; Porth; Skidmore; Wood; Zapata
Tax Credits for Research and Development: Provides for tax credit against corporate income tax for specified research & development expenses; provides eligibility requirements; provides limitations regarding eligibility; provides amount for such credit; provides maximum amount of credit that may be taken during single tax year; provides that any unused credit may be carried forward for specified period; authorizes sale or assignment of unused credit to specified taxpayers; requires party to sale or assignment to file specified information & documents with DOR; requires parties to sale or assignment to obtain department approval before completing such sale or assignment; prohibits department from unreasonably withholding such approval; provides requirements for use tax credits sold or assigned; limits total amount of tax credits that may be assigned in calendar year; provides that applications for credits may be filed on or after specified date; requires credits to be granted in order in which applications are received.
Effective Date: July 1, 2010, and is effective for tax years beginning on or after January 1, 2011
Last Event: Died in Finance & Tax Council on Friday, April 30, 2010 6:59 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1184 Subject: Tax Credits for Research and Development [WPSC] Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Economic Development Policy Committee 3/10/2010 10:37:27 AM
Chamber: House Committee: Economic Development Policy Committee 3/8/2010 4:11:06 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Finance & Tax Council Time: 04/30/2010 - 6:59 PM Member: Committee: Finance & Tax Council Version: __
Event: H Now in Finance & Tax Council Time: 03/10/2010 - 10:34 AM Member: Committee: Finance & Tax Council Version: __
Event: H Reported out of Economic Development Policy Committee Time: 03/10/2010 - 10:34 AM Member: Committee: Economic Development Policy Committee Version: __
Event: H Favorable by Economic Development Policy Committee Time: 03/10/2010 - 10:20 AM Member: Committee: Economic Development Policy Committee Version: __
Event: H Added to Economic Development Policy Committee agenda Time: 03/08/2010 - 4:04 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H 1st Reading Time: 03/02/2010 - 10:50 PM Member: Committee: Version: __
Event: H Added as workshop bill to Economic Development Policy Committee agenda Time: 03/01/2010 - 3:30 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Now in Economic Development Policy Committee Time: 01/20/2010 - 5:30 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Referred to Economic Development & Community Affairs Policy Council Time: 01/20/2010 - 5:30 PM Member: Committee: Economic Development & Community Affairs Policy Council Version: __
Event: H Referred to Finance & Tax Council Time: 01/20/2010 - 5:30 PM Member: Committee: Finance & Tax Council Version: __
Event: H Referred to Economic Development Policy Committee Time: 01/20/2010 - 5:30 PM Member: Committee: Economic Development Policy Committee Version: __
Event: H Filed Time: 01/07/2010 - 4:12 PM Member: Plakon Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.02 HB 133, HB 459, CS/CS/HB 697, HB 997, CS/HB 1009, HB 1539
220.194 HB 133, HB 459, CS/HB 1457