SB590
Advanced recycling; incentives in income tax, sales tax, and machinery and tools tax, taxable years.
Summary
As Passed House of Origin. Advanced recycling; incentives in income tax, sales tax, and machinery and tools tax.
Postpones from 2020 to 2025 the sunset date of the income tax credit for purchase of equipment for processing recyclable materials. Starting in taxable year 2020, the bill makes eligible for the credit purchases of equipment used in advanced recycling, defined in the bill.-
Bill History
- 01/07/2020 - Senate: Prefiled and ordered printed; offered 01/08/20 20101453D
- 01/07/2020 - Senate: Referred to Committee on Finance and Appropriations
- 01/27/2020 - Senate: Impact statement from TAX (SB590)
- 01/30/2020 - Senate: Reported from Finance and Appropriations with substitute (11-Y 0-N)
- 01/30/2020 - Senate: Incorporates SB789 (Lewis)
- 01/30/2020 - Senate: Committee substitute printed 20107050D-S1
- 02/03/2020 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/04/2020 - Senate: Read second time
- 02/04/2020 - Senate: Reading of substitute waived
- 02/04/2020 - Senate: Committee substitute agreed to 20107050D-S1
- 02/04/2020 - Senate: Engrossed by Senate - committee substitute SB590S1
- 02/05/2020 - Senate: Read third time and passed Senate (40-Y 0-N)
- 02/12/2020 - House: Placed on Calendar
- 02/12/2020 - House: Read first time
- 02/12/2020 - House: Referred to Committee on Finance
- 02/13/2020 - Senate: Impact statement from TAX (SB590S1)
- 02/13/2020 - House: Assigned Finance sub: Subcommittee #1
- 02/17/2020 - House: Subcommittee recommends reporting (9-Y 0-N)
- 02/19/2020 - House: Reported from Finance (20-Y 2-N)
- 02/21/2020 - House: Read second time
- 02/24/2020 - House: Read third time
- 02/24/2020 - House: Passed House (87-Y 12-N)
- 02/24/2020 - House: VOTE: Passage (87-Y 12-N)
- 02/27/2020 - Senate: Enrolled
- 02/27/2020 - Senate: Bill text as passed Senate and House (SB590ER)
- 02/27/2020 - Senate: Impact statement from TAX (SB590ER)
- 02/27/2020 - Senate: Signed by President
- 02/27/2020 - House: Signed by Speaker
- 03/10/2020 - Senate: Enrolled Bill Communicated to Governor on March 10, 2020
- 03/10/2020 - Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
- 04/07/2020 - Governor: Approved by Governor-Chapter 789 (effective - see bill)
- 04/07/2020 - Governor: Acts of Assembly Chapter text (CHAP0789)
