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2012 SESSION

• | print version

SB 262 Microenterprise Investment Grant Fund and Program; created.

Introduced by: Adam P. Ebbin | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Microenterprise investment grant program.  Creates a grant program for individuals who make a qualified investment in a microenterprise. The amount of the credit shall be 25 percent of an investment in a green business microenterprise or a microenterprise located in a Historically Underutilized Business Zone or 20 percent of an investment in any other microenterprise. An individual may receive a credit up to $12,500. The microenterprise investment grant program is contingent upon an appropriation of general funds effectuating the provisions of the bill.

FULL TEXT

• 01/10/12  Senate: Prefiled and ordered printed; offered 01/11/12 12102538D  pdf | impact statement
• 02/08/12  Senate: Committee substitute printed 12105254D-S1  pdf | impact statement

HISTORY

• 01/10/12  Senate: Prefiled and ordered printed; offered 01/11/12 12102538D
• 01/10/12  Senate: Referred to Committee on Finance
• 02/08/12  Senate: Reported from Finance with substitute (14-Y 0-N)
• 02/08/12  Senate: Committee substitute printed 12105254D-S1
• 02/09/12  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/10/12  Senate: Read second time
• 02/10/12  Senate: Reading of substitute waived
• 02/10/12  Senate: Committee substitute agreed to 12105254D-S1
• 02/10/12  Senate: Engrossed by Senate - committee substitute SB262S1
• 02/13/12  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/16/12  House: Placed on Calendar
• 02/16/12  House: Read first time
• 02/16/12  House: Referred to Committee on General Laws
• 02/20/12  House: Assigned GL sub: #4 Professions/Occupations and Administrative Process
• 02/21/12  House: Subcommittee recommends laying on the table by voice vote
• 03/10/12  House: Left in General Laws