Income tax, corporate; sales tax exemption for space flight entities. (HB170)

Introduced By

Del. Terry Kilgore (R-Gate City)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
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

DateAction
12/26/2007Committee
12/26/2007Prefiled and ordered printed; offered 01/09/08 088180588
12/26/2007Referred to Committee on Finance
01/12/2008Impact statement from TAX (HB170)
01/15/2008Assigned Finance sub: 2
02/04/2008Incorporated by Finance (HB238-Cosgrove)

Duplicate Bills

The following bills are identical to this one: HB1151.