05.23.12 The House Ways and Means committee gave this bill a favorable report with an amendment. The amendment adds several tax incentives.
05.16.12 The House Ways and Means Economic Development, Capital Improvement and Other Taxes subcommittee gave this bill a favorable report with amendments. The amendments add tax incentives for tire manufacturers and adds language from both H3720, related to job tax credit definitions, and H3506, also related to job tax credits for technology facilities.
04.24.12 The Senate Finance committee gave this bill a favorable report.
Summary of the bill as introduced: Clarifies that the tax credit for rehabilitation expenses may be taken against franchise taxes on banks.