Advanced Industry Acceleration Programs
| Type | Bill |
|---|---|
| Session | 2023 Regular Session |
| Subjects |
Concerning changes to the advanced industry acceleration programs.
Bill Summary:
The act extends the advanced industry export acceleration program, which was scheduled to end on January 1, 2025, and the advanced industries acceleration grant program, which was scheduled to end on July 1, 2024, by 10 years. Through March 1, 2023, the state treasurer annually credited to the advanced industries acceleration cash fund an amount equal to one-half of the bioscience and clean technology income tax withholding growth. The act extends this funding mechanism by 2 years.
Additionally, the advanced industry export acceleration program allows a qualifying business that meets certain eligibility criteria to receive an international export development expense reimbursement. The act removes the eligibility criterion that requires a qualifying business to show a profit during the last fiscal year.
APPROVED by Governor May 17, 2023
EFFECTIVE August 7, 2023
NOTE: This act was passed without a safety clause and takes effect 90 days after sine die.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/14/2023 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-066 to the Committee of the Whole. | The motion passed on a vote of 10-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-066 to the Committee on Appropriations. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.003 | The motion passed without objection. | Vote summary |
| Refer Senate Bill 23-066, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Activity | Vote | Documents |
|---|
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-066 to the Committee on Appropriations. | The motion passed on a vote of 6-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 23-066 to the Committee on Finance. | The motion passed on a vote of 8-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/06/2023 | Third Reading | BILL |
58
AYE
7
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/17/2023 | Third Reading | BILL |
32
AYE
2
NO
1
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 04/14/2023 | L.003 | SEN Appropriations | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 05/17/2023 | Governor | Governor Signed |
| 05/15/2023 | Governor | Sent to the Governor |
| 05/15/2023 | House | Signed by the Speaker of the House |
| 05/10/2023 | Senate | Signed by the President of the Senate |
| 05/06/2023 | House | House Third Reading Passed - No Amendments |
| 05/04/2023 | House | House Third Reading Laid Over Daily - No Amendments |
| 05/03/2023 | House | House Second Reading Special Order - Passed - No Amendments |
| 05/02/2023 | House | House Second Reading Laid Over Daily - No Amendments |
| 04/28/2023 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/24/2023 | House | House Committee on Finance Refer Unamended to Appropriations |
| 04/17/2023 | House | Introduced In House - Assigned to Finance |
| 04/17/2023 | Senate | Senate Third Reading Passed - No Amendments |
| 04/14/2023 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 04/14/2023 | Senate | Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole |
| 02/21/2023 | Senate | Senate Committee on Finance Refer Unamended to Appropriations |
| 01/31/2023 | Senate | Senate Committee on Business, Labor, & Technology Refer Unamended to Finance |
| 01/23/2023 | Senate | Introduced In Senate - Assigned to Business, Labor, & Technology |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/07/2023 | 211 | Advanced Industry Acceleration Programs |