Makes permanent reductions to credits and rebates under the Enterprise Zone, Quality Jobs, and Competitive Project Payroll Incentive programs. (Items #26 and 27) (gov sig) (EG +$23,290,000 GF RV See Note)
Reduces the amount of the rebate for the Competitive Projects Payroll Incentive Program and provide for continued effectiveness of reductions in the amount of certain rebates (Item #3) (EG +$11,000,000 GF RV See Note)
Defines "qualified capital expenditures" eligible for a project facility expense rebate through the Competitive Projects Payroll Incentive Program (EN NO IMPACT GF RV See Note)
Creates the Competitive Projects Payroll Incentive Program which grants rebates of up to 15% of qualifying payroll to certain businesses and rebates of sales tax or capital expenditures if DED determines it will result in significant positive economic benefit to the state. (7/1/12) (EG DECREASE GF RV See Note)
Establishes a program to authorize the granting of ad valorem tax exemption contracts by the Board of Commerce and Industry for certain businesses (EN DECREASE LF RV See Note)
Establishes Air Traffic Controller Loan Redemption Program; supports partnership between public institution of higher education and federal Air Traffic-Collegiate Training Initiative and establishment of Center for Study of Unidentified Aerial Phenomena; appropriates $3.5 million.
Establishes Air Traffic Controller Loan Redemption Program; establishes partnership program between public institution of higher education and federal Air Traffic-Collegiate Training Initiative; establishes Center for the study of Unidentified Aerial Phenomena; appropriates $3.5 million.
Extends the single sales factor for computation of corporate income and franchise taxes for manufacturing or merchandising to other qualified businesses through establishment of the Corporate Tax Apportionment Program (EN DECREASE GF RV See Note)