Bill Text | History of Actions | Background | Title |
Description: Individual development accounts; authorize creation of community development corporations to administer.
Bill Text: [Introduced]
| 1 | 02/21/00 | (H) | Referred To Ways and Means | |
| 2 | 03/07/00 | (H) | Died In Committee |
| Effective date | July 1, 2000 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes |
House Committee:
Principal Author: Henderson
Title: AN ACT TO PROVIDE FOR INDIVIDUAL DEVELOPMENT ACCOUNTS; TO DEFINE CERTAIN TERMS; TO PROVIDE THAT QUALIFYING INDIVIDUALS MAY ESTABLISH AN INDIVIDUAL DEVELOPMENT ACCOUNT; TO PRESCRIBE THE DUTIES OF COMMUNITY DEVELOPMENT CORPORATIONS; TO PROVIDE A LIMIT ON THE NUMBER OF ACCOUNTS THAT MAY BE ESTABLISHED IN A YEAR; TO REQUIRE REPORTING; TO PROVIDE FOR DEPOSITS; TO PROVIDE FOR THE ESTABLISHMENT OF INDIVIDUAL DEVELOPMENT ACCOUNT FUNDS; TO REGULATE WITHDRAWALS FROM SUCH ACCOUNTS; TO PROVIDE FOR ACCOUNT EVALUATIONS; TO PROVIDE INCOME TAX CREDITS; TO PROVIDE THE PROCEDURE FOR CLAIMING A TAX CREDIT; TO LIMIT THE AMOUNT OF TAX CREDIT; AND FOR RELATED PURPOSES.
End Of Document
2000/html/History/HB/HB1546.htm