Legislative Session number- 87

Bill Name: SF2390

1E Requiring the commissioner of employment and economic development (DEED) to
establish a corporate franchise tax benefit certificate transfer program to
allow new or expanding emerging technology and biotechnology companies in the
state with certain unused net operating loss carryover to surrender the tax
benefits for use by other state corporate franchise taxpayers; defining certain
terms; specifying certain qualifications and application requirements; providing
for allocation of tax benefits and annual limit; requiring the commissioner to
establish rules for recapture of tax benefits; allowing a technology corporate
franchise tax transfer credit
(je)