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House Bill 1266


House Bill 1266

ARCHIVE (2006)

Latest Information

 

DIGEST OF HB1266 (Updated February 2, 2006 3:29 pm - DI 84)


Headquarters relocation tax credit. Reduces from $500,000,000 to $100,000,000 the amount of annual worldwide revenue that a business must have in order to qualify for the headquarters relocation tax credit. Provides that the credit is available for taxable years beginning after December 31, 2005 (instead of December 31, 2006), for relocation costs incurred after March 31, 2006. Provides that a farm mutual insurance company may elect taxation under the gross premium tax.
Current Status:
 In Committee - 2nd House
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