SB122 Alabama 2014 Session
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Bill Summary
Sponsors
Session
Regular Session 2014
Title
Taxation, limited state income tax credit for qualified research expenses under certain conditions
Description
<p class="bill_description"> Under existing law, there are no tax credits
extended to business for qualified research
expenses incurred within the state</p><p class="bill_description">
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</p><p class="bill_entitled_an_act"> To provide for a new tax credit program for
qualified research expenses within the state, with an
increased incentive for research conducted by universities or
certain research institutions within the state.
</p>
Subjects
Taxation
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| February 20, 2014 | H | Read for the first time and referred to the House of Representatives committee on Ways and Means Education |
| February 20, 2014 | S | Engrossed |
| February 20, 2014 | S | Motion to Read a Third Time and Pass adopted Roll Call 456 |
| February 20, 2014 | S | Orr motion to Adopt adopted Roll Call 455 |
| February 20, 2014 | S | Orr first Substitute Offered |
| February 20, 2014 | S | Orr motion to Table adopted Voice Vote |
| February 20, 2014 | S | Commerce, Transportation, and Utilities Amendment Offered |
| February 20, 2014 | S | Third Reading Passed |
| January 23, 2014 | S | Read for the second time and placed on the calendar 1 amendment |
| January 14, 2014 | S | Read for the first time and referred to the Senate committee on Commerce, Transportation, and Utilities |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB122 Alabama 2014 Session - Introduced |
| Bill Text | SB122 Alabama 2014 Session - Engrossed |