Income tax, corporate; sales tax exemption for space flight entities. (HB1151)
Introduced By
Del. Bud Phillips (D-Castlewood)
Progress
✓ |
Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Corporate tax subtraction and sales tax exemption for space flight entities. Provides a corporate income tax subtraction for any gain recognized as a result of (i) passenger ticket sales on a suborbital spaceflight and (ii) resupply services contracts entered with NASA. It also extends the current sales and use tax exemption to include the sale of spaceflight services or activities to spaceflight participants and it extends the sunset date for the exemption to July 1, 2015. Read the Bill »
Status
02/04/2008: Merged into HB238
History
| Date | Action |
|---|---|
| 01/09/2008 | Committee |
| 01/09/2008 | Prefiled and ordered printed; offered 01/09/08 080597680 |
| 01/09/2008 | Referred to Committee on Finance |
| 01/13/2008 | Impact statement from TAX (HB1151) |
| 01/15/2008 | Assigned Finance sub: 2 |
| 02/04/2008 | Incorporated by Finance (HB238-Cosgrove) |