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OK SB1926
Bill
Status
2/1/2010
Primary Sponsor
Dan Newberry
Click for details
AI Summary
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Modifies timeframes for aerospace sector tax credit definitions, splitting applicability into two periods: before January 1, 2011 and on/after January 1, 2011.
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Updates definition of "qualified employer" effective January 1, 2011 to remove requirement for aerospace sector as principal business activity and focus on employment of qualified employees.
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Modifies definition of "qualified employee" effective January 1, 2011 to change employment date requirement from January 1, 2009 to January 1, 2011.
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Separates Section 2357.302 tax credit provisions into two subsections for different tax years, with new subsection applying to taxable years beginning on or after January 1, 2011.
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Effective date of January 1, 2011 for all amendments to the aerospace sector tax credit statutes.
Legislative Description
Revenue and taxation; modifying time period during which certain definitions relating to tax credit apply; providing definitions applicable after certain date. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/2/2010