SB122 Alabama 2014 Session
Bill Summary
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.
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.
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 - Engrossed |
| Bill Text | SB122 Alabama 2014 Session - Introduced |
Source: Alabama Legislature