BILL · 2005–06 SESSION · LATEST VERSION SSB 5972

SB 5972: Manufacture of airplanes

Modifying the business and occupation tax credit for property tax payments related to the manufacture of commercial airplanes.

Summary

  • Property taxes paid with respect to newly acquired or constructed real property are eligible only if the building is used exclusively in the manufacturing of airplanes or airplane components. Property taxes paid with respect to newly acquired machinery and equipment are eligible to the extent that the manufacturer conducts aerospace manufacturing activity relative to other manufacturing activity.

From the Senate Bill Report (SB 5972), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedFeb 17, 2005
  2. Out of committeeMar 7, 2005
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Margarita Prentice (D-11)
Introduced
February 17, 2005 in the Senate
Last action
January 9, 2006
Requested by
State agency
Companion bill
HB 2111
Budget
Has a fiscal note
Versions
SB 5972, SSB 5972

AN ACT Relating to the business and occupation tax credit for property tax payments related to the manufacture of commercial airplanes;

Sponsors

Prime sponsor: Margarita Prentice (D-11)

3 co-sponsors (1 Democrat, 2 Republicans)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status. (SSB 5972)
  2. By resolution, reintroduced and retained in present status.
  3. Referred to Rules. (SSB 5972)
  4. Senate Rules "X" file. (SSB 5972)
  5. Senate Rules "X" file.
  6. Referred to Rules.
  7. Placed on second reading by Rules Committee. (SSB 5972)
  8. Placed on second reading by Rules Committee.
  9. Made eligible to be placed on second reading. (SSB 5972)
  10. Made eligible to be placed on second reading.
  11. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 5972)
  12. Passed to Rules Committee for second reading. (SSB 5972)
  13. Passed to Rules Committee for second reading.
  14. WM - Majority; 1st substitute bill be substituted, do pass.
  15. First reading, referred to Ways & Means.

SB 5972 in other sessions

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

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