Modifies provisions governing a corporate excise tax exemption allowed for business firms operating in certain economically lagging areas.

What it does

The legislature's own summary of the bill, or its official long title.

The Act changes an income tax exemption for business firms in poor and rural areas. (Flesch Readability Score: 61.8). Modifies provisions governing a corporate excise tax exemption allowed for business firms operating in certain economically lagging areas. Makes changes to the program requirements, including methods of calculating employee wages in support of showing of applicant eligibility. First applies to preliminary certifications and annual certifications issued on or after the effective date of the Act. Takes effect on the 91st day following adjournment sine die.

Every action

11 steps, oldest first, as the legislature records them.

1. Jan 13, 2025HouseFirst reading. Referred to Speaker's desk.
2. Jan 17, 2025CommitteeReferred to Economic Development, Small Business, and Trade. · House Economic Development, Small Business, and Trade
3. Feb 24, 2025CommitteePublic Hearing held. · House Economic Development, Small Business, and Trade
4. Mar 17, 2025CommitteeWork Session held. · House Economic Development, Small Business, and Trade
5. Mar 20, 2025CommitteeRecommendation: Do pass and be referred to Revenue. · House Economic Development, Small Business, and Trade
6. Mar 20, 2025CommitteeReferred to Revenue by order of Speaker. · House Revenue
7. Apr 8, 2025CommitteePublic Hearing held. · House Revenue
8. Apr 15, 2025CommitteeInformational Meeting held. · House Revenue
9. May 29, 2025CommitteeInformational Meeting held. · House Revenue
10. Jun 10, 2025CommitteePublic Hearing held. · House Revenue
11. Jun 27, 2025HouseIn committee upon adjournment.

Roll calls

1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.

Committee votes

Sponsors

The 0 members who introduced it.