Legislation

Title: Historic Revitalization and Enterprise Zone Tax Credits - Alterations and Eligibility
Sponsored by: Senators McCray and Hester
Status: Approved by the Governor - Chapter 450
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering certain limitations on a certain credit against the State income tax for certain commercial rehabilitation projects; establishing the Small Commercial Project Trust Account within the Historic Revitalization Tax Credit Reserve Fund; requiring the Governor, in certain fiscal years, to include in the annual State budget an appropriation of at least a certain amount for the Reserve Fund and the Trust Account; altering the eligibility for and the calculation of a certain credit against a certain property tax; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0027

Bill File Type: Regular

Effective Date(s): June 1, 2022

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 1/19/2022 Legislative Date 1/19/2022 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Historic Revitalization Tax Credit – Funding and Extension Proceedings
Chamber Senate Calendar Date 1/24/2022 Legislative Date 1/24/2022 Action Hearing 2/02 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2022 Legislative Date 3/17/2022 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/17/2022 Legislative Date 3/05/2022 Action Favorable with Amendments {463826/1 Adopted Proceedings 45AClick to view Recorded Media
Chamber Senate Calendar Date 3/17/2022 Legislative Date 3/05/2022 Action Second Reading Passed with Amendments Proceedings 45AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Historic Revitalization Tax Credit – Funding and Extension Proceedings
Chamber Senate Calendar Date 3/18/2022 Legislative Date 3/07/2022 Action Third Reading Passed (46-0) Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 3/18/2022 Legislative Date 3/12/2022 Action Referred Ways and Means Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/19/2022 Legislative Date 3/19/2022 Action Hearing 3/30 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/07/2022 Legislative Date 4/07/2022 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/08/2022 Legislative Date 3/30/2022 Action Favorable with Amendments {123425/1 Adopted Proceedings 51 Click to view Recorded Media
Chamber House Calendar Date 4/08/2022 Legislative Date 3/30/2022 Action Second Reading Passed with Amendments Proceedings 51 Click to view Recorded Media
Chamber House Calendar Date 4/08/2022 Legislative Date 3/31/2022 Action Third Reading Passed (134-1) Proceedings 52 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2022 Legislative Date 3/29/2022 Action Senate Concurs House Amendments Proceedings 69 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2022 Legislative Date 3/29/2022 Action Third Reading Passed (45-0) Proceedings 69 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2022 Legislative Date 3/29/2022 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Historic Revitalization and Enterprise Zone Tax Credits - Alterations and Eligibility Proceedings
Chamber Post Passage Calendar Date 5/16/2022 Legislative Date 5/16/2022 Action Approved by the Governor - Chapter 450 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Historic Revitalization and Enterprise Zone Tax Credits - Alterations and Eligibility Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/19/2022	1/19/2022	First Reading Budget and Taxation
			Text - First - Historic Revitalization Tax Credit – Funding and Extension
Senate	1/24/2022	1/24/2022	Hearing 2/02 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/17/2022	3/17/2022	Favorable with Amendments Report by Budget and Taxation
Senate	3/17/2022	3/05/2022	Favorable with Amendments {463826/1 Adopted	45AClick to view Recorded Media
Senate	3/17/2022	3/05/2022	Second Reading Passed with Amendments	45AClick to view Recorded Media
			Text - Third - Historic Revitalization Tax Credit – Funding and Extension
Senate	3/18/2022	3/07/2022	Third Reading Passed (46-0)	47 Click to view Recorded Media
House	3/18/2022	3/12/2022	Referred Ways and Means	33 Click to view Recorded Media
House	3/19/2022	3/19/2022	Hearing 3/30 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/07/2022	4/07/2022	Favorable with Amendments Report by Ways and Means
House	4/08/2022	3/30/2022	Favorable with Amendments {123425/1 Adopted	51 Click to view Recorded Media
House	4/08/2022	3/30/2022	Second Reading Passed with Amendments	51 Click to view Recorded Media
House	4/08/2022	3/31/2022	Third Reading Passed (134-1)	52 Click to view Recorded Media
Senate	4/09/2022	3/29/2022	Senate Concurs House Amendments	69 Click to view Recorded Media
Senate	4/09/2022	3/29/2022	Third Reading Passed (45-0)	69 Click to view Recorded Media
Senate	4/09/2022	3/29/2022	Passed Enrolled
			Text - Enrolled - Historic Revitalization and Enterprise Zone Tax Credits - Alterations and Eligibility
Post Passage	5/16/2022	5/16/2022	Approved by the Governor - Chapter 450
			Text - Chapter - Historic Revitalization and Enterprise Zone Tax Credits - Alterations and Eligibility

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