Legislation

Title: Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability
Sponsored by: Senator Ferguson
Status: In the House - Hearing 3/27 at 1:00 p.m.
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Authorizing an additional 5% tax credit under the historic revitalization tax credit program for commercial rehabilitations that qualify as opportunity zone projects; altering the definition of "small commercial project" to include certain residential units sold as part of a development project and certain targeted projects; making the credit transferable and refundable under certain circumstances; requiring the Governor in fiscal years 2018 through 2024 to include in the budget bill an appropriation to the Reserve Fund; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: HB1162

Bill File Type: Regular

Effective Date(s): July 1, 2019

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability Proceedings
Chamber Senate Calendar Date 2/06/2019 Legislative Date 2/06/2019 Action Hearing 3/05 at 1:45 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 3/15/2019 Legislative Date 3/15/2019 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/18/2019 Legislative Date 3/15/2019 Action Favorable with Amendments {319236/1 Adopted Proceedings 47AClick to view Recorded Media
Chamber Senate Calendar Date 3/18/2019 Legislative Date 3/15/2019 Action Second Reading Passed with Amendments Proceedings 47AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability Proceedings
Chamber Senate Calendar Date 3/18/2019 Legislative Date 3/16/2019 Action Third Reading Passed (46-0) Proceedings 48 Click to view Recorded Media
Chamber House Calendar Date 3/19/2019 Legislative Date 3/15/2019 Action Referred Ways and Means Proceedings 50 Click to view Recorded Media
Chamber House Calendar Date 3/20/2019 Legislative Date 3/20/2019 Action Hearing 3/27 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/04/2019	2/04/2019	First Reading Budget and Taxation
			Text - First - Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability
Senate	2/06/2019	2/06/2019	Hearing 3/05 at 1:45 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/15/2019	3/15/2019	Favorable with Amendments Report by Budget and Taxation
Senate	3/18/2019	3/15/2019	Favorable with Amendments {319236/1 Adopted	47AClick to view Recorded Media
Senate	3/18/2019	3/15/2019	Second Reading Passed with Amendments	47AClick to view Recorded Media
			Text - Third - Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability
Senate	3/18/2019	3/16/2019	Third Reading Passed (46-0)	48 Click to view Recorded Media
House	3/19/2019	3/15/2019	Referred Ways and Means	50 Click to view Recorded Media
House	3/20/2019	3/20/2019	Hearing 3/27 at 1:00 p.m.

File Code

Subjects

Statutes