Orr motion to Adopt
Yes
32
Absent
3
SB122 Alabama 2014 Session
Updated Jul 24, 2021
SB122 Alabama 2014 Session
Senate Bill
In Second Chamber
Current Status
Regular Session 2014
Session
1
Sponsor
Summary
- Primary Sponsor
-
Arthur Orr SenatorRepublican - Session
- Regular Session 2014
- Title
- Taxation, limited state income tax credit for qualified research expenses under certain conditions
- Description
Under existing law, there are no tax credits extended to business for qualified research expenses incurred within the state.
This bill would provide a limited tax credit and refundable tax credit against state income taxes for qualified research expenses incurred by businesses, including pass-through entities, within the state parallel to the federal research and development tax credit, with an increased incentive if certain universities or research institutions participate.
- Subjects
- Taxation
Bill Actions
H
Read for the first time and referred to the House of Representatives committee on Ways and Means Education
S
Engrossed
S
Motion to Read a Third Time and Pass adopted Roll Call 456
S
Orr motion to Adopt adopted Roll Call 455
S
Orr first Substitute Offered
S
Orr motion to Table adopted Voice Vote
S
Commerce, Transportation, and Utilities Amendment Offered
S
Third Reading Passed
S
Read for the second time and placed on the calendar 1 amendment
S
Read for the first time and referred to the Senate committee on Commerce, Transportation, and Utilities
Bill Text
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Votes
Motion to Read a Third Time and Pass
Yes
32
Absent
3
Documents
Bill Text (Engrossed)
SB122 Alabama 2014 Session - Engrossed
Bill Text (Introduced)
SB122 Alabama 2014 Session - Introduced
Source: Alabama Legislature