HB509 — Taxes, Franchise - As introduced, extends, from January 1, 2011 to January 1, 2014, the date by which applications for a franchise tax credit on purchases of industrial machinery can be received and approved by the commissioner of revenue and the commissioner of economic and community development to be exempt from the 15-year limitation on carrying forward credits. - Amends TCA Section 67-4-2009.

HB509 — Taxes, Franchise - As introduced, extends, from January 1, 2011 to January 1, 2014, the date by which applications for a franchise tax credit on purchases of industrial machinery can be received and approved by the commissioner of revenue and the commissioner of economic and community development to be exempt from the 15-year limitation on carrying forward credits. - Amends TCA Section 67-4-2009. · Informed CitizenryHB509 amends Tennessee Code Annotated Section 67-4-2009 to extend the deadline for submitting and approving applications for a franchise tax credit on industrial machinery purchases. The deadline i…Open in Informed Citizenry