Corporation tax credit: automobile manufacturing.
Summary
The Corporation Tax Law authorizes various credits against the taxes imposed by that law. This bill would, for taxable years beginning on or after January 1, 2010, allow to a qualified taxpayer, as defined, a credit, not to exceed $10,000,000, for specified percentages of qualified expenditures, as defined. In general, the credit would be allowed to automobile manufacturers in this state that employ a specified number of qualified employees, as provided. This bill would take effect immediately as a tax levy.
Bill status
failed
3 of 5 stages cleared
Introduction
Feb 2009
Committee Review
Jan 2010
Senate Passage
Aug 2009
Assembly Passage
Governor
Introduced Feb 26, 2009
Last action Nov 30, 2010
Floor votes · Senate May 21, 2009
How they voted
32–0
Passed · 3 other
Total votes 35
May 21, 2009
D
Democratic22
86% Yea
R
Republican13
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
32
Key actions
8
Committee
9
Amendments
2
Jan 11, 2010
Lower · Passed
Held in committee and under submission.
lower
Jan 11, 2010
Committee
Set, first hearing. Referred to REV. & TAX. suspense file.
lower
Sep 10, 2009
Committee
Read second time. Amended. Re-referred to Com. on REV. & TAX.
lower
Sep 10, 2009
Lower · Passed
(Heard in committee on September 10.)
lower
Sep 10, 2009
Lower · Passed
From committee: Do pass as amended, but first amend, and re-refer to Com. on REV. & TAX. (Ayes 10. Noes 0.)
lower
Aug 20, 2009
Committee
Action rescinded whereby the bill was re-referred to committee.
upper
Aug 20, 2009
Committee
Re-referred to Com. on RULES.
upper
Aug 17, 2009
Upper · Passed
Action rescinded whereby amendments were adopted.
upper
Jul 2, 2009
Lower · Passed
(Heard in committee on June 30.)
lower
Jul 2, 2009
Lower · Passed
From committee: Do pass as amended. To Consent Calendar. (Ayes 10. Noes 0.)
lower
May 21, 2009
Senate · Passed
Senate Vote: pass (32-0-3)
senate
May 13, 2009
Upper · Passed
From committee: Do pass. To Consent Calendar. (Ayes 5. Noes 0. Page 875.)
upper
Apr 13, 2009
Committee
Re-referred to Com. on JUD.
upper
Feb 26, 2009
Introduced
Introduced. Read first time. To Com. on RLS. for assignment. To print.
upper
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ellen Corbett
DDemocratic
Co
AT
Alberto Torrico
DDemocratic
Co
Roderick Wright
DDemocratic
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