Bill Text | History of Actions | Background | Title |
Description: Income taxation; establish the Smart Growth Tax Credit Act.
Bill Text: [Introduced]
| 1 | 02/17 (S) Referred To Finance | |
| 2 | 02/23 (S) Died In Committee |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | Revenue | |
| Revenue | Yes | |
| Vote type required | Three/Fifths |
Senate Committee:
Principal Author: Dawkins
Additional Authors: Tollison, Williamson
Title: AN ACT TO CREATE THE "SMART GROWTH TAX CREDIT ACT" TO AUTHORIZE INCOME TAX CREDITS FOR DEVELOPERS AND OWNERS WHO DESIGN AND BUILD RESIDENTIAL AND MIXED-USE DEVELOPMENTS THAT MEET SPECIFIC SMART GROWTH AND GREEN BUILDING CRITERIA; TO PROVIDE THE AMOUNT OF THE CREDIT; TO AUTHORIZE THE CREDIT TO BE CARRIED FORWARD FOR FIFTEEN YEARS FOLLOWING THE CREDIT'S FIRST ELIGIBLE TAX YEAR; TO LIMIT THE DOLLAR AMOUNT OF CREDITS THAT MAY BE GRANTED IN ANY ONE FISCAL YEAR; TO PROVIDE THAT THE STATE TAX COMMISSION, IN CONSULTATION WITH THE DEPARTMENT OF ENVIRONMENTAL QUALITY, SHALL ADMINISTER THE CREDIT; TO PROVIDE FOR THE CERTIFICATION OF DEVELOPMENTS AND THE MANNER IN WHICH A CREDIT MAY BE CLAIMED; TO PROVIDE THE STANDARDS THAT BUILDINGS AND DEVELOPMENTS MUST MEET IN ORDER TO BE ELIGIBLE FOR THE TAX CREDIT; AND FOR RELATED PURPOSES.
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2005/pdf/History/SB/SB3105.htm