2001 Regular Session

SENATE BILL 523

CHAPTER NUMBER: 160 File Code: Taxes - Miscellaneous Crossfiled with: HOUSE BILL 1109
Sponsored By:
Senators Middleton and Hoffman
Entitled:
Heritage Structure Rehabilitation Tax Credit

Synopsis:

Providing that specified tax credits for certified heritage structure rehabilitations may be allocated in a specified manner among the partners, members, or shareholders of an entity; altering the definition of "certified heritage structure"; making the tax credits for certified heritage structure rehabilitations refundable under specified circumstances; repealing certified rehabilitation tax credits as to the financial institution franchise tax and the public service company franchise tax; etc.

History by Legislative Date

Senate Action
2/2
First Reading Budget and Taxation
2/14
Hearing 2/28 at 1:30 p.m.
3/19
Favorable with Amendments Report by Budget and Taxation
3/21
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/23
Motion Returned Second Reading (Senator Hoffman) Adopted
Floor Amendment (Senator Hoffman) Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (46-0)
4/3
Returned Passed
4/20
Signed by the Governor Chapter 160
House Action
3/24
First Reading Ways and Means
3/29
Hearing 4/3 at 1:00 p.m.
4/5
Favorable Report by Ways and Means
3/31
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (136-1)
Sponsored by:
Senator Thomas M. Middleton, District 28
Senator Barbara A. Hoffman, District 42
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
CONSERVATION -see also- SOIL CONSERVATION
EXEMPTIONS
GROSS RECEIPTS TAX
HISTORICAL MATTERS
INCOME TAX
NONPROFIT ORGANIZATIONS
NOTICES
REPORTS
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Article - 83B Department of Housing and Community Development
( 5-801 )
Insurance
( 6-105.2 , 6-107 )
Tax - General
( 8-208.1 , 8-406.1 , 10-207 , 10-704.5 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 249837/1 (PDF)     Offered on: March 21, 2001   at: 11:29 a.m.     Status: Adopted
Number: 633926/1 (PDF)     Offered on: March 23, 2001   at: 12:50 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 2001: Third Reading Passed (46-0)
House
April 2, 2001: Third Reading Passed (136-1)