Comments on this legislation    Post new comment    Text and Analysis    Add to Watch List 
  Previous   Next 

• Introduced by Sen. Jason Allen (R) on June 26, 2008, to revise details of the refundable tax credits for “anchor” companies signed into law two months prior to this bill’s introduction. In addition to other revisions, the bill would clarify that only sales made subsequent to and as a result of the new law would be included in the formula by which this lucrative tax credit is calculated. “Refundable” tax credit means that if the credit exceeds the recipient’s tax liability, the state send the company a check for the difference.
  • Referred to the Senate Commerce & Tourism Committee on June 26, 2008.
    • Reported in the Senate on September 17, 2008, with the recommendation that the substitute (S-1) be adopted and that the bill then pass.
  • Substitute offered in the Senate on September 23, 2008. The substitute passed by voice vote in the Senate on September 23, 2008.