BILL · 2007–08 SESSION · LATEST VERSION SSB 6323

SB 6323: Business tax incentives

Improving the effectiveness of tax incentives for eligible business projects in rural counties and community empowerment zones.

Summary

  • (DIGEST OF PROPOSED 1ST SUBSTITUTE) Provides that for purposes of tax credits for eligible business projects in rural counties: (1) The department of revenue shall not allow any credits which would cause the total to exceed nine million dollars in any fiscal year; and (2) A firm's employment growth rate is reduced to ten percent to be eligible for the credit.

From the Substitute Bill Digest (SSB 6323), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 15, 2008
  2. Out of committeeFeb 28, 2008
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Derek Kilmer (D-26)
Introduced
January 15, 2008 in the Senate
Last action
March 13, 2008
Budget
Has a fiscal note
Versions
SB 6323, SSB 6323

AN ACT Relating to improving the effectiveness of tax incentives for eligible business projects in rural counties and community empowerment zones;

Sponsors

Prime sponsor: Derek Kilmer (D-26)

4 co-sponsors (3 Democrats, 1 Republican)

Votes

No recorded floor votes.

History

  1. Referred to Rules. (SSB 6323)
  2. Referred to Rules.
  3. Placed on second reading by Rules Committee. (SSB 6323)
  4. Placed on second reading by Rules Committee.
  5. Made eligible to be placed on second reading. (SSB 6323)
  6. Made eligible to be placed on second reading.
  7. WM - Majority; 1st substitute bill be substituted, do pass. (SSB 6323)
  8. Passed to Rules Committee for second reading. (SSB 6323)
  9. Passed to Rules Committee for second reading.
  10. WM - Majority; 1st substitute bill be substituted, do pass.
  11. And refer to Ways & Means.
  12. EDTM - Majority; do pass.
  13. Referred to Ways & Means.
  14. First reading, referred to Economic Development, Trade & Management.

SB 6323 in other sessions

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

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