Introduced
by
To require the Department of Treasury to report to the legislature each year on the activities of the department related to the treatment of state tax credits based on federal “new markets tax credits,” as proposed by House Bills 6429 to 6431. “New markets tax credits” is a program that subsidizes capital investments or loans to certain business entities or individuals in low-income communities.
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 103 to 6 (details)
Referred to the Committee on Finance
