History of Actions | Background | Title |
Description: Income tax credit; authorize for contributions to certain low-income housing projects.
| 1 | 02/05/99 | (S) | Referred To Finance | |
| 2 | 02/24/99 | (S) | Died In Committee |
| Effective date | January 1, 2000 | |
| Disposition | Dead | |
| Deadline | Revenue/Appropriation | |
| Revenue | Yes | |
| 3/5ths vote required | Yes |
Senate Committee:
Principal Author: Hewes
Title: AN ACT TO PROVIDE FOR A TAX CREDIT FOR BUSINESS TAXPAYERS IN THE AMOUNT OF 50% OF ANY CONTRIBUTION MADE TO ANY PROJECT DESIGNED TO CONSTRUCT OR REHABILITATE LOW-INCOME IN A BLIGHTED AREA THAT IS CONDUCTED BY CERTAIN ELIGIBLE SPONSORS; TO PROVIDE THAT THE MAXIMUM AMOUNT OF SUCH CREDIT; TO PROVIDE THAT SPONSORS AND PERSONS DESIRING TO UTILIZE SUCH CREDIT SHALL MAKE APPLICATION TO THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT; TO REQUIRE THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT TO MAKE CERTAIN ELIGIBILITY DETERMINATIONS REGARDING SUCH CREDIT; TO LIMIT THE MAXIMUM DOLLAR AMOUNT OF THE CREDIT THAT MAY BE GRANTED IN ANY ONE STATE FISCAL YEAR; AND FOR RELATED PURPOSES.
End Of Document
1999\html\History/SB\SB3107.htm