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Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Economic and Community Development - Tax Credit for Catalytic Projects
Sponsored by
Senator Hester
Status
In the Senate - First Reading Senate Rules
Analysis
Synopsis
Allowing a credit against the State income tax for certain rehabilitation expenses for certain catalytic projects; requiring the Secretary of Housing and Community Development to issue tax credit certificates in an amount equal to 20% of certain rehabilitation expenses, subject to certain limitations; prohibiting the Secretary from issuing tax credit certificates for credit amounts in the aggregate totaling more than $10,000,000; providing for the allocation of the credit among certain associates of a business entity; etc.
Committees
Original:
Rules
Details
Bill File Type: Regular
Effective Date(s): July 1, 2020
Bill imposes a mandated appropriation in the annual State Budget Bill
History
Legislation History
Chamber
Senate
Calendar Date
2/28/2020
Legislative Date
2/28/2020
Action
First Reading Senate Rules
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Economic and Community Development - Tax Credit for Catalytic Projects
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 2/28/2020 2/28/2020 First Reading Senate Rules
Text - First - Economic and Community Development - Tax Credit for Catalytic Projects
File Code
Subjects
Statutes
(   1-101, 6-801 through 6-805 )
(   10-751 )
Last Updated: 9/22/2020 3:33 PM