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2001 SESSION

• | print version

HB 2145 Low-income housing tax credit.

Introduced by: Thelma Drake | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Low-income housing tax credit. Adds provisions to the low-income housing tax credit that allow (i) taxpayers to carry over any unused credit for 5 taxable years or until the full credit is used, whichever occurs first; (ii) taxpayers to take the credit against additional taxes (i.e. trust, estates, bank franchise, insurance premiums); and (iii) partners and S-corporation shareholders to allocate the credits either in proportion to their ownership interests or in accordance with a signed written agreement. The bill also reduces the amount of low-income housing tax credits that may be approved in a calendar year from $3.5 million to $500,000.

FULL TEXT

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 018943736  pdf | impact statement
• 02/01/01  House: Committee substitute printed 011345736-H1  pdf | impact statement
• 02/13/01  Senate: Committee substitute printed 018349736-S1  pdf
• 02/28/01  House: Bill text as passed House and Senate (HB2145ER)  pdf | impact statement
• 03/19/01  Governor: Acts of Assembly Chapter text (CHAP0299)  pdf

AMENDMENTS

• Conference amendments

HISTORY

• 01/10/01  House: Presented & ordered printed, prefiled 01/10/01 018943736
• 01/10/01  House: Referred to Committee on Finance
• 01/18/01  House: Assigned to Finance sub-committee: 1
• 01/31/01  House: Reported from Finance with sub (23-Y 0-N)
• 02/01/01  House: Committee substitute printed 011345736-H1
• 02/02/01  House: Read first time
• 02/03/01  House: Read second time
• 02/03/01  House: Committee substitute agreed to 011345736-H1
• 02/03/01  House: Engrossed by House - committee substitute 011345736-H1
• 02/03/01  House: Constitutional reading dispensed (97-Y 1-N)
• 02/03/01  House: Passed House (98-Y 0-N)
• 02/03/01  House: Communicated to Senate
• 02/07/01  Senate: Constitutional reading dispensed
• 02/07/01  Senate: Referred to Committee on Finance
• 02/13/01  Senate: Reported from Finance with substitute (15-Y 0-N)
• 02/13/01  Senate: Committee substitute printed 018349736-S1
• 02/14/01  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/14/01  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/14/01  Senate: Read third time
• 02/14/01  Senate: Reading of substitute waived
• 02/14/01  Senate: Committee substitute agreed to 018349736-S1
• 02/14/01  Senate: Engrossed by Senate - committee substitute 018349736-S1
• 02/14/01  Senate: Passed Senate with substitute (38-Y 1-N 1-A)
• 02/14/01  Senate: VOTE: PASSAGE (38-Y 1-N 1-A)
• 02/14/01  House: Placed on Calendar
• 02/14/01  House: Senate sub. rejected by House 018349736-S1 (1-Y 94-N)
• 02/14/01  House: VOTE: ADOPTION (1-Y 94-N)
• 02/14/01  Senate: Senate insisted on substitute (40-Y 0-N)
• 02/14/01  Senate: VOTE: INSIST & REQUEST (40-Y 0-N)
• 02/14/01  Senate: Senate requested conference committee
• 02/14/01  House: House acceded to request
• 02/14/01  House: Conferees appointed by House
• 02/14/01  House: Delegates: Drake, Welch, Stump
• 02/14/01  Senate: Conferees appointed by Senate
• 02/14/01  Senate: Senators: Stosch, Stolle, Houck
• 02/20/01  House: Conference report agreed to by House (99-Y 1-N)
• 02/20/01  House: VOTE: ADOPTION (99-Y 1-N)
• 02/21/01  Senate: Reading of conference report waived
• 02/21/01  Conference: Senate substitute accepted by conference committee
• 02/21/01  Conference: Amended by conference committee
• 02/21/01  Senate: VOTE: CONF. COMMITTEE RPT (39-Y 0-N 1-A)
• 02/21/01  Senate: Conference report agreed to by Senate (39-Y 0-N 1-A)
• 02/28/01  House: Bill text as passed House and Senate (HB2145ER)
• 03/02/01  House: Enrolled
• 03/02/01  House: Signed by Speaker
• 03/02/01  Senate: Signed by President
• 03/15/01  Governor: Approved by Governor-Chapter 299 (effective 7/1/01)
• 03/19/01  Governor: Acts of Assembly Chapter text (CHAP0299)