HB 153 (2013) -  Economic Development

General Bill by Cruz (CO-SPONSORS) Danish
Economic Development: Provides tax credits for use by corporation against state corporate income tax in amount equal to specified percentage of corporation's payments to small business providing goods or services to corporation pursuant to contract; provides qualification criteria; requires business to submit application to DEO for approval to earn credits; provides application requirements; provides procedures & requirements for DEO approval; specifies amount of tax credit; prohibits tax credits from being carried forward or backward or being transferred or sold; provides criminal & administrative penalties for fraudulently claiming tax credits; authorizes DEO & DOR to adopt rules; revises order in which credits against corporate income tax or franchise tax may be taken to include certain credits relating to corporation's execution of business contract with small business; redefines term "adjusted federal income" to include amount of such tax credits.
Effective Date: January 1, 2014
Last Event: Died in Economic Development & Tourism Subcommittee on Friday, May 3, 2013 7:16 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 450 Subject: Economic Development Relationship: Identical

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Economic Development & Tourism Subcommittee Time: 05/03/2013 - 7:16 PM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H 1st Reading Time: 03/05/2013 - 11:59 PM Member: Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 01/23/2013 - 9:00 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 01/23/2013 - 9:00 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Transportation & Economic Development Appropriations Subcommittee Time: 01/23/2013 - 9:00 AM Member: Committee: Transportation & Economic Development Appropriations Subcommittee Version: __
Event: H Referred to Finance & Tax Subcommittee Time: 01/23/2013 - 9:00 AM Member: Committee: Finance & Tax Subcommittee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 01/23/2013 - 9:00 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Filed Time: 01/14/2013 - 10:08 AM Member: Cruz Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.02 SB 450, HB 475, SB 692, HB 965, CS/SB 1598, SB 1604, HB 7071
220.13 SB 450, HB 475, SB 1516, CS/SB 1598, HB 7099
220.1945 SB 450