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Neighborhood and individual development incentives. Defines a "community based organization" as a private, nonprofit corporation whose board of directors is comprised of business, civic, and community leaders, and whose principal purpose includes the provision of low income housing. (Current law limits administration, through a financial institution, of an account to community development corporations.) Provides that: (1) the first $1,500 (rather than $800) is eligible for a state deposit in an individual's account; (2) the allocation, for each account that has been established, for not more than five years, is $3 for each $1 of the first $1,500 (rather than the first $400) an individual deposited into the individual's account; and (3) the amount of the allocation may not exceed $4,500 (rather than $2,400) for each account. Makes various changes to the administration of and procedure for claiming the neighborhood assistance tax credit and the individual development account tax credit. Removes a reference to an obsolete tax.
| Authored by Senator Becker |
| 2024-03-07 | Senate | Senate - Conference Committee Report 1 | PASS | |
| 2024-03-06 | House | House - Rules Suspended. Conference Committee Report 1 | PASS | |
| 2024-02-27 | House | House - Third reading | PASS | |
| 2024-02-05 | Senate | Senate - Third reading | PASS |
| Title | Description | Date | View |
|---|---|---|---|
| Fiscal Note | Fiscal Note #1: House Enrolled | 2024-03-08 | Click To View |
| Conference Report | Conference Report | 2024-03-06 | Click To View |
| Conference Report | Conference Report | 2024-03-06 | Click To View |
| Fiscal Note | Fiscal Note #3: House Comm Sub | 2024-02-27 | Click To View |
| Fiscal Note | Fiscal Note #2: House Comm Sub | 2024-02-26 | Click To View |
| Fiscal Note | Fiscal Note #1: House Comm Sub | 2024-02-22 | Click To View |
| Committee Report | Senate Committee Report | 2024-02-22 | Click To View |
| Vote Sheet | Vote Sheet February 21, 2024 | 2024-02-21 | Click To View |
| Fiscal Note | Fiscal Note #2: Senate Engrossed | 2024-02-06 | Click To View |
| Fiscal Note | Fiscal Note #1: Senate Engrossed | 2024-02-01 | Click To View |
| Committee Report | Senate Committee Report | 2024-01-30 | Click To View |
| Vote Sheet | Vote Sheet January 30, 2024 | 2024-01-30 | Click To View |
| Fiscal Note | Fiscal Note #1: Senate Comm Sub | 2024-01-30 | Click To View |
| Fiscal Note | Fiscal Note #1: Introduced | 2024-01-11 | Click To View |
| Date | Chamber | Action |
|---|---|---|
| 2024-03-13 | Senate | Public Law 124 |
| 2024-03-13 | Senate | Signed by the Governor |
| 2024-03-12 | Senate | Signed by the President of the Senate |
| 2024-03-11 | House | Signed by the Speaker |
| 2024-03-08 | Senate | Signed by the President Pro Tempore |
| 2024-03-07 | Senate | Conference Committee Report 1: adopted by the Senate; Roll Call 301: yeas 48, nays 0 |
| 2024-03-06 | House | Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 308: yeas 91, nays 0 |
| 2024-03-06 | House | CCR # 1 filed in the House |
| 2024-03-06 | Senate | CCR # 1 filed in the Senate |
| 2024-02-29 | Senate | Senate advisors appointed: Hunley and Leising |
| 2024-02-29 | Senate | Senate conferees appointed: Becker and Randolph Lonnie M |
| 2024-02-29 | Senate | Senate dissented from House amendments |
| 2024-02-29 | Senate | Motion to dissent filed |
| 2024-02-29 | Senate | Concurrence withdrawn |
| 2024-02-29 | House | House advisors appointed: Ledbetter, Clere and Klinker |
| 2024-02-29 | House | House conferees appointed: Manning and Porter |
| 2024-02-28 | Senate | Motion to concur filed |
| 2024-02-28 | House | Returned to the Senate with amendments |
| 2024-02-27 | House | Third reading: passed; Roll Call 235: yeas 95, nays 0 |
| 2024-02-27 | House | Representative Moed added as cosponsor |
| 2024-02-26 | House | Second reading: ordered engrossed |
| 2024-02-22 | House | Committee report: amend do pass, adopted |
| 2024-02-20 | House | Representative Porter added as cosponsor |
| 2024-02-12 | House | First reading: referred to Committee on Ways and Means |
| 2024-02-06 | Senate | Referred to the House |
| 2024-02-05 | Senate | Senator Tomes added as coauthor |
| 2024-02-05 | Senate | Senator Leising added as second author |
| 2024-02-05 | Senate | Cosponsor: Representative Ledbetter |
| 2024-02-05 | Senate | House sponsor: Representative Manning |
| 2024-02-05 | Senate | Third reading: passed; Roll Call 113: yeas 48, nays 0 |
| 2024-02-01 | Senate | Senator Randolph added as coauthor |
| 2024-02-01 | Senate | Second reading: amended, ordered engrossed |
| 2024-02-01 | Senate | Amendment #1 (Baldwin) prevailed; voice vote |
| 2024-01-30 | Senate | Committee report: do pass, adopted |
| 2024-01-16 | Senate | First reading: referred to Committee on Tax and Fiscal Policy |
| 2024-01-16 | Senate | Authored by Senator Becker |
