BILL · 2019–20 SESSION
SB 5540: Projects of statewide signif
Concerning the designation and support of projects of statewide significance.
Summary
- Redefines a project of statewide significance.
- Alters the process for approval, requirements of agreements, and project facilitation for a project of statewide significance.
- Allows a credit against business and occupation tax or public utility tax equal to 5 percent for a person investing in a project of statewide significance, subject to certain requirements and limitations.
- Establishes a limit of $100 million for the tax credit.
- Requires Department of Revenue provide notification if the tax credit limitation is reached and report to the Legislature within one year after reaching the credit limitation on the effect of the credit.
From the Senate Bill Report (Orig.) (SB 5540), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 23, 2019
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- John Braun (R-20)
- Introduced
- January 23, 2019 in the Senate
- Last action
- January 13, 2020
- Budget
- Has a fiscal note
AN ACT Relating to the designation and support of projects of statewide significance;
Sponsors
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- By resolution, reintroduced and retained in present status.
- First reading, referred to State Government, Tribal Relations & Elections.
SB 5540 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5540 (2025–26) Students/unemployment ins.
- SB 5540 (2023–24) Medicaid reprocurement
- SB 5540 (2021–22) Election dates and timelines
- SB 5540 (2017–18) Oral health pilot program
- SB 5540 (2015–16) National day of the cowboy
- SB 5540 (2013–14) Health coverage/out-of-state
- SB 5540 (2011–12) School bus safety cameras
- SB 5540 (2009–10) High capacity trans service