CS/SB 1642 (2020) -  Tax Exemptions

General Bill by Commerce and Tourism and Gruters
Tax Exemptions: Revising the affordable housing property exemption to exempt from ad valorem taxation, rather than provide a discount to, certain multifamily projects after a certain timeframe; providing a sales tax exemption for certain aircraft equipment used as part of certain governmental contracts; providing a credit against the corporate income tax, the sales and use tax, or a stated combination of the two taxes to a qualifying business that establishes a qualifying project for the creation of intellectual property which meets certain capital investment criteria, etc.
Effective Date: Except as otherwise expressly provided in this act, this act shall take effect upon becoming a law
Last Event: 03/14/20 S Died in Finance and Tax on Saturday, March 14, 2020 12:00 AM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
    • On agenda for: 02/04/20 9:00 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 4   Nays 1
  • Finance and Tax
  • Appropriations

Related Bills

Bill # Subject Relationship
Bill #: SB 1268 Subject: Capital Investment Tax Credit Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Commerce and Tourism 2/5/2020 3:31:48 PM
Chamber: Senate Committee: Commerce and Tourism 2/3/2020 8:54:35 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Finance and Tax Time: 03/14/2020 - 12:00 AM Member: Committee: Finance and Tax Version: c1
Event: S Indefinitely postponed and withdrawn from consideration Time: 03/14/2020 - 12:00 AM Member: Committee: Version: c1
Event: S Now in Finance and Tax Time: 02/10/2020 - 1:36 PM Member: Committee: Finance and Tax Version: c1
Event: S CS by Commerce and Tourism read 1st time -SJ 250 Time: 02/06/2020 - 3:31 PM Member: Committee: Commerce and Tourism Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 02/05/2020 - 3:49 PM Member: Committee: Commerce and Tourism Version: __
Event: S CS by Commerce and Tourism; YEAS 4 NAYS 1 -SJ 240 Time: 02/04/2020 - 11:06 AM Member: Committee: Commerce and Tourism Version: __
Event: S On Committee agenda-- Commerce and Tourism, 02/04/20, 9:00 am, 110 Senate Building Time: 01/30/2020 - 4:07 PM Member: Committee: Commerce and Tourism Version: __
Event: S Introduced -SJ 161 Time: 01/22/2020 - 6:00 PM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 161 Time: 01/17/2020 - 1:04 PM Member: Committee: Commerce and Tourism Version: __
Event: S Filed Time: 01/09/2020 - 2:21 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
196.1978 CS/SB 856, CS/CS/CS/SB 998*, CS/CS/CS/HB 1339*, HB 1459, CS/HB 7097
212.08 SB 54, HB 87, HB 93, SB 192, HB 527, HB 555, SB 596, CS/SB 844, CS/CS/CS/HB 1001*, CS/CS/HB 1011, CS/CS/CS/HB 1013, CS/SB 1350*, HB 1389, HB 1429, SB 1546, SB 1612, SB 1616, SB 1688, SB 1860, HB 6067, HB 7031
220.191 SB 1268, SB 1596
288.1089 SB 1268, HB 1429, SB 1612, HB 5401

(*) Not the latest version