Legislation

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