BILL · 2005–06 SESSION

SB 6462: Biotechnology product

Providing biotechnology product and medical device manufacturing tax incentives.

Summary

  • State and local sales and use taxes are deferred for investments in construction or renovation of structure, or machinery and equipment, used for biotechnology product or medical device manufacturing. The deferred taxes need not be repaid unless the property is used for ineligible purposes.

From the Senate Bill Report (SB 6462), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 12, 2006
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Paull Shin (D-21)
Introduced
January 12, 2006 in the Senate
Last action
February 2, 2006
Companion bill
HB 2640
Budget
Has a fiscal note

AN ACT Relating to biotechnology product and medical device manufacturing tax incentives;

Sponsors

Votes

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

History

  1. Referred to Ways & Means.
  2. And refer to Ways & Means.
  3. ITED - Majority; do pass.
  4. First reading, referred to International Trade & Economic Development.

SB 6462 in other sessions

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

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