Legislation

Title: Historic Revitalization Tax Credit – Credit Amounts and Funding – Alterations
Sponsored by: Senator McCray
Status: In the House - Hearing 4/06 at 1:15 p.m.
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering the calculation of and limitations on a certain credit against the State income tax for certain rehabilitation projects under the historic revitalization tax credit program; and altering the amount of certain appropriations that the Governor, in fiscal years 2025 through 2031, is required to include in the annual budget bill for the Historic Revitalization Tax Credit Reserve Fund and the Small Commercial Project Trust Account within the Reserve Fund.

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, 2023

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/24/2023 Legislative Date 2/24/2023 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Historic Revitalization Tax Credit – Credit Amounts and Funding – Alterations Proceedings
Chamber Senate Calendar Date 3/08/2023 Legislative Date 3/09/2023 Action Rereferred to Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/09/2023 Legislative Date 3/09/2023 Action Hearing 3/15 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/14/2023 Legislative Date 3/14/2023 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 3/14/2023 Legislative Date 3/14/2023 Action Hearing 3/15 at 3:00 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 4/03/2023 Legislative Date 4/03/2023 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/03/2023 Legislative Date 3/21/2023 Action Favorable with Amendments {123824/1 Adopted Proceedings 58AClick to view Recorded Media
Chamber Senate Calendar Date 4/03/2023 Legislative Date 3/21/2023 Action Second Reading Passed with Amendments Proceedings 58AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Historic Revitalization Tax Credit – Credit Amounts and Funding – Alterations Proceedings
Chamber Senate Calendar Date 4/04/2023 Legislative Date 3/22/2023 Action Third Reading Passed (46-0) Proceedings 59 Click to view Recorded Media
Chamber House Calendar Date 4/04/2023 Legislative Date 3/23/2023 Action Referred Rules and Executive Nominations Proceedings 60 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Rules and Executive Nominations Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/05/2023 Legislative Date 4/05/2023 Action Rereferred to Ways and Means Proceedings
Chamber House Calendar Date 4/05/2023 Legislative Date 4/05/2023 Action Hearing 4/06 at 1:15 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/24/2023	2/24/2023	First Reading Senate Rules
			Text - First - Historic Revitalization Tax Credit – Credit Amounts and Funding – Alterations
Senate	3/08/2023	3/09/2023	Rereferred to Budget and Taxation
Senate	3/09/2023	3/09/2023	Hearing 3/15 at 1:00 p.m.
Senate	3/14/2023	3/14/2023	Hearing canceled
Senate	3/14/2023	3/14/2023	Hearing 3/15 at 3:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/03/2023	4/03/2023	Favorable with Amendments Report by Budget and Taxation
Senate	4/03/2023	3/21/2023	Favorable with Amendments {123824/1 Adopted	58AClick to view Recorded Media
Senate	4/03/2023	3/21/2023	Second Reading Passed with Amendments	58AClick to view Recorded Media
			Text - Third - Historic Revitalization Tax Credit – Credit Amounts and Funding – Alterations
Senate	4/04/2023	3/22/2023	Third Reading Passed (46-0)	59 Click to view Recorded Media
House	4/04/2023	3/23/2023	Referred Rules and Executive Nominations	60 Click to view Recorded Media
			Vote - House - Committee - Rules and Executive Nominations	Click to view Recorded Media
House	4/05/2023	4/05/2023	Rereferred to Ways and Means
House	4/05/2023	4/05/2023	Hearing 4/06 at 1:15 p.m.

File Code

Subjects

Statutes