Loading chat...
AR HB1173
Bill
Status
4/22/2015
Primary Sponsor
Richard Womack
Click for details
AI Summary
-
Extends the tax credit eligibility period for original purchasers of corporate common stock or limited liability company units from calendar years 1999-2003 to 2015-2019.
-
Changes the applicable tax year for claiming credits from those commencing on or after January 1, 1999 to those commencing on or after January 1, 2015.
-
Extends the deadline for carrying forward unused tax credits from years past December 31, 1999 to years past December 31, 2019, subject to the three-year carry forward rules.
-
Extends the final expiration date for claiming credits from tax years ending after December 31, 2006 to tax years ending after December 31, 2022.
Legislative Description
To Amend The County And Regional Industrial Development Company Act; And To Extend The Tax Credit Allowed Under The County And Regional Industrial Development Company Act.
Last Action
Died in House Committee at Sine Die adjournment.
4/22/2015