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Taxes, Excise - Allows credit against excise tax in amount equal to 15 percent of taxpayer's expenditures in state for research and experimental purposes. - Amends TCA Title 67, Chapter 4.

Fiscal Summary for *SB0179 / HB0263

Decrease State Revenues - Exceeds $9,000,000 - FY06-07 Exceeds $58,000,000 - FY07-08 and thereafter Increase State Expenditures - $137,000 One-Time

Latest Actions
  • 05/09/2007 - Assigned to Gen. Sub of Senate Tax Sub Comm.
  • 04/10/2007 - Action Deferred in Tax Sub Comm. to next cal
  • 04/04/2007 - Placed on Jud. comm Calendar for 4/10/07
  • 04/03/2007 - Action Deferred in Senate Tax Sub of F,W&M Comm. to next Calendar
  • 03/28/2007 - Placed on Tax Sub comm Calendar for 4/3/07

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Bill Text
File name Last Updated
SB0179 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB0179 Fiscal Notes PDF10/27/2007