S.B. 756 - Taxation; Omnibus

• Establishes a 4% quarterly excise tax on direct broadcast satellite service providers based on gross revenues from regular subscriber services, with tax due the last day of the first month following each calendar quarter.

• Modifies the renewable energy technology tax credit by requiring systems to be placed in service before January 1, 2015, to qualify and mandates the Department of Business, Economic Development, and Tourism to complete an assessment by October 1, 2013, evaluating the credit's impact and continued necessity after December 31, 2014.

• Provides that refundable tax credits claimed during the 2012 taxable year shall be paid beginning July 1, 2013.

• Repeals section 235-9.5, eliminating the income tax exemption for stock options and stocks from qualified high technology businesses that previously excluded such income from taxation.

• Effective July 1, 2011, with renewable energy and high technology business provisions applying to taxable years beginning after December 31, 2010.