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Chief Sponsor:

Randy Mcnally

Tagged in: Economic And Community Development, Taxes, Excise, Taxes, Franchise

Latest Update: Monday, October, 13th 2008

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Companion Bill HB3688. Economic and Community Development - Extends certain job tax credits to qualified business located within federally designated empowerment zones; includes certain high-tech businesses within the definition of qualified businesses to receive certain job tax credits. - Amends TCA Section 67-4-2109 and Section 67-6-232. Fiscal Summary for *SB3273 / HB3688Decrease State Revenue - Exceeds $250,000 Other Fiscal Impact - If future taxpayers are eligible for such tax credit as a result of this legislation, but would not have been under current law, there would be an unknown amount of foregeone state revenue in future years. In addition, there could be subsequent economic growth and business activity that may aid the state growing its tax base. However, such impact is indirect and not quantifiable for the purpose of this fiscal note. Bill [...]

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Latest Actions
  • 04/17/2008 - Assigned to Gen. Sub of Senate F,W&M Comm.
  • 04/08/2008 - Action Deferred in Senate Tax Sub. Comm. to next Calendar
  • 04/08/2008 - Action Deferred in Senate Tax Sub Committee of F,W&M. to 4/15/2008
  • 04/03/2008 - Placed on Senate Tax Sub Committee of F,W&M. Calendar for 04/08/2008
  • 03/18/2008 - Action Deferred in Senate Tax Sub Committee of F,W&M. to next Calendar

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Bill Text
File name Last Updated
SB3273 Bill Text PDF01/20/2008

Fiscal Notes
File name Last Updated
SB3273 Fiscal Notes PDF02/07/2008