summary
Introduced
11/17/2021
11/17/2021
In Committee
11/30/2021
11/30/2021
Crossed Over
Passed
Dead
03/14/2022
03/14/2022
Introduced Session
2022 Regular Session
Bill Summary
Exempting federal loans related to a state of emergency from the excise tax imposed on documents; increasing the combined total amount of credits which may be granted to business enterprises during any calendar year, etc.
AI Summary
This bill has three key provisions:
1. It exempts federal loans related to a state of emergency declared by the Governor from the excise tax imposed on documents.
2. It increases the combined total amount of research and development tax credits that may be granted to business enterprises during any calendar year from $9 million to $50 million.
3. The increase in the research and development tax credit limit first applies to the 2022 allocation of tax credits for expenses incurred in calendar year 2021.
Committee Categories
Budget and Finance, Military Affairs and Security
Sponsors (1)
Other Sponsors (1)
Military and Veterans Affairs, Space, and Domestic Security (Senate)
Last Action
Died in Appropriations (on 03/14/2022)
Official Document
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