< Back to Bill Search

    CS/CS/SB 1264: Rural and Urban Business Enterprises

    GENERAL BILL by Appropriations Committee on Transportation, Tourism, and Economic Development, Commerce and Tourism, Collins

    Rural and Urban Business Enterprises; Revising the purpose of the Department of Commerc...

    e; deleting the definition of the term “minority business enterprise”; establishing the Research, Innovation, Science, and Engineering (RISE) Investment Tax Credit Program within the Department of Commerce; requiring the department to authorize the Department of Revenue to issue tax credits to a qualifying private fund if certain requirements are met; requiring the department to issue a notice of revocation and recapture to the qualifying private fund and the Department of Revenue, etc.
    more

    Effective Date: 7/1/2025

    Last Action: 5/3/2025 Senate - Indefinitely postponed and withdrawn from consideration

    Bill Text [pdf]

    Current Bill Version Posted: 4/17/2025 10:43 AM


    • Related Bills (7)

    • Committee Amendments (1)

    • Floor Amendments (1)

    • Bill History

    View All Bill Versions on Full Site