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2017 Senate Bill 243: Transfer state revenue to certain business owners
Introduced by Sen. Wayne Schmidt (R) on March 15, 2017 To authorize giving up to $250 million of state revenue to certain developers and business owners selected by political appointees on the board of a state Strategic Fund agency. Owners of selected firms would get cash subsidies for up to 10 years equal to half or all of the income tax paid by their employees. The Senate has also passed bills authorizing another $1.8 billion in subsidies for big developers (Senate Bills 111 to 115).   Official Text and Analysis.
Referred to the Senate Economic Development and International Investment Committee on March 15, 2017
Reported in the Senate on March 28, 2017 With the recommendation that the bill pass.
Passed 32 to 5 in the Senate on March 29, 2017.
    See Who Voted "Yes" and Who Voted "No".
(same description)
To authorize giving up to $250 million of state revenue to certain developers and business owners selected by political appointees on the board of a state Strategic Fund agency. Owners of selected firms would get cash subsidies for up to 10 years equal to half or all of the income tax paid by their employees. The Senate has also passed bills authorizing another $1.8 billion in subsidies for big developers (Senate Bills 111 to 115).
Received in the House on March 29, 2017
Referred to the House Tax Policy Committee on March 29, 2017
Reported in the House on June 20, 2017 Without amendment and with the recommendation that the bill pass.
Amendment offered by Rep. Martin Howrylak (R) on July 12, 2017 To tie-bar the bill to House Bill 4550, meaning this bill cannot become law unless that one does also. HB 4550 would require drug testing for business executives whose firms receive subsidies from the state.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Martin Howrylak (R) on July 12, 2017 To tie-bar the bill to House Bill 4645, meaning this bill cannot become law unless that one does also. HB 4645 would end the practice of allowing the state agency in charge of selectively granting favors to certain businesses to automatically collect revenue paid to the state through Indian casino gaming compacts and other "off budget" sources.
The amendment failed by voice vote in the House on July 12, 2017
Amendment offered by Rep. Jim Tedder (R) on July 12, 2017 To establish that if enacted the bill will go into effect 30 days afterwards.
The amendment passed by voice vote in the House on July 12, 2017
Passed 71 to 35 in the House on July 12, 2017.
    See Who Voted "Yes" and Who Voted "No".
To authorize giving up to $200 million of state revenue to certain business owners, in particular a Chinese company said to be involved in iPhone manufacture. Owners of selected firms would get cash subsidies for up to 10 years equal to half or all of the income tax paid by their employees.
Received in the Senate on July 12, 2017
Passed 29 to 5 in the Senate on July 12, 2017.
    See Who Voted "Yes" and Who Voted "No".
To concur with the House-passed version of the subsidy package, which includes a provision intended to cap the payouts at $200 million.

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