Legislation

Title: Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects and Historic Revitalization Tax Credit
Sponsored by: Senator Hester
Status: Approved by the Governor - Chapter 332
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Allowing a credit against the State income tax to individuals, nonprofit organizations, or business entities for certain new construction costs and rehabilitation costs for certain catalytic revitalization projects; requiring the Secretary of Housing and Community Development to issue tax credit certificates in a certain amount; requiring the Governor, in each of fiscal years 2023 and 2024, to include in the budget bill an appropriation to the Historic Revitalization Tax Credit Reserve Fund of at least $12,000,000; 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

Bill File Type: Regular

Effective Date(s): July 1, 2021

History

Legislation History
Chamber Senate Calendar Date 2/09/2021 Legislative Date 2/09/2021 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects Proceedings
Chamber Senate Calendar Date 2/11/2021 Legislative Date 2/11/2021 Action Hearing 3/03 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 3/22/2021 Legislative Date 3/22/2021 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - Third - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects Proceedings
Chamber Senate Calendar Date 3/22/2021 Legislative Date 3/03/2021 Action Favorable with Amendments {179639/1 Adopted Proceedings 30AClick to view Recorded Media
Chamber Senate Calendar Date 3/22/2021 Legislative Date 3/03/2021 Action Second Reading Passed with Amendments Proceedings 30AClick to view Recorded Media
Chamber Senate Calendar Date 3/22/2021 Legislative Date 3/03/2021 Action Motion Rules Suspend Two Readings Same Day Const/Rule 24 (Senator King) Adopted Proceedings 30AClick to view Recorded Media
Chamber Senate Calendar Date 3/22/2021 Legislative Date 3/03/2021 Action Third Reading Passed (47-0) Proceedings 30AClick to view Recorded Media
Chamber House Calendar Date 3/24/2021 Legislative Date 3/11/2021 Action Referred Ways and Means Proceedings 30AClick to view Recorded Media
Chamber House Calendar Date 3/24/2021 Legislative Date 3/24/2021 Action Hearing 4/01 at 1:30 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 4/08/2021 Legislative Date 4/08/2021 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/08/2021 Legislative Date 3/23/2021 Action Favorable with Amendments {415268/1 Adopted Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 4/08/2021 Legislative Date 3/23/2021 Action Second Reading Passed with Amendments Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 4/09/2021 Legislative Date 3/24/2021 Action Third Reading Passed (133-4) Proceedings 43 Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/21/2021 Action Senate Concurs House Amendments Proceedings 46 Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/21/2021 Action Third Reading Passed (46-0) Proceedings 46 Click to view Recorded Media
Chamber Senate Calendar Date 4/12/2021 Legislative Date 3/21/2021 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects and Historic Revitalization Tax Credit Proceedings
Chamber Post Passage Calendar Date 5/18/2021 Legislative Date 5/18/2021 Action Approved by the Governor - Chapter 332 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects and Historic Revitalization Tax Credit Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/09/2021	2/09/2021	First Reading Budget and Taxation
			Text - First - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects
Senate	2/11/2021	2/11/2021	Hearing 3/03 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/22/2021	3/22/2021	Favorable with Amendments Report by Budget and Taxation
			Text - Third - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects
Senate	3/22/2021	3/03/2021	Favorable with Amendments {179639/1 Adopted	30AClick to view Recorded Media
Senate	3/22/2021	3/03/2021	Second Reading Passed with Amendments	30AClick to view Recorded Media
Senate	3/22/2021	3/03/2021	Motion Rules Suspend Two Readings Same Day Const/Rule 24 (Senator King) Adopted	30AClick to view Recorded Media
Senate	3/22/2021	3/03/2021	Third Reading Passed (47-0)	30AClick to view Recorded Media
House	3/24/2021	3/11/2021	Referred Ways and Means	30AClick to view Recorded Media
House	3/24/2021	3/24/2021	Hearing 4/01 at 1:30 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/08/2021	4/08/2021	Favorable with Amendments Report by Ways and Means
House	4/08/2021	3/23/2021	Favorable with Amendments {415268/1 Adopted	42 Click to view Recorded Media
House	4/08/2021	3/23/2021	Second Reading Passed with Amendments	42 Click to view Recorded Media
House	4/09/2021	3/24/2021	Third Reading Passed (133-4)	43 Click to view Recorded Media
Senate	4/12/2021	3/21/2021	Senate Concurs House Amendments	46 Click to view Recorded Media
Senate	4/12/2021	3/21/2021	Third Reading Passed (46-0)	46 Click to view Recorded Media
Senate	4/12/2021	3/21/2021	Passed Enrolled
			Text - Enrolled - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects and Historic Revitalization Tax Credit
Post Passage	5/18/2021	5/18/2021	Approved by the Governor - Chapter 332
			Text - Chapter - Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects and Historic Revitalization Tax Credit

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