BILL · 2009–10 SESSION

SB 6645: New businesses/B&O exemption

Creating and paying for business and occupation tax exemptions for new businesses.

Summary

  • Provides a business and occupation tax exemption for new businesses. Requires strategic contribution payments deposited in the tobacco settlement account in an amount equal to the amount necessary to offset the cost of the tax exemption to be transferred to the state general fund. Expires July 1, 2014.

From the Bill Digest (SB 6645), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 20, 2010
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Joseph Zarelli (R-18)
Introduced
January 20, 2010 in the Senate
Last action
March 15, 2010

AN ACT Relating to creating and paying for business and occupation tax exemptions for new businesses;

Sponsors

Prime sponsor: Joseph Zarelli (R-18)

3 co-sponsors (0 Democrats, 3 Republicans)

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 Ways & Means.

SB 6645 in other sessions

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

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