BILL · 2005–06 SESSION

HB 1693: High tech b & o tax credit

Changing provisions relating to the high technology business and occupation tax credit.

Summary

  • Modifies the definition of "average tax rate" for the purposes of the high technology research and development business & occupation tax credit such that the rate is based on the total taxable amount, and not just total taxable income.
  • Authorizes an extension to file the annual survey required of businesses that take the high tech B&O tax credit if the delay was for reasons beyond the business' control.
  • Requires businesses that take the high tech B&O tax credit to file the annual survey and other information electronically unless the tax relief from exemptions taken by the firm are $1,000 or less.

From the House Bill Analysis (HB 1693), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedFeb 2, 2005
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Jim McIntire (D-46)
Introduced
February 2, 2005 in the House
Last action
January 9, 2006
Requested by
State agency
Companion bill
SB 5673
Budget
Has a fiscal note

AN ACT Relating to the high technology business and occupation tax credit;

Sponsors

Prime sponsor: Jim McIntire (D-46)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Finance.

HB 1693 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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