Kerry Tipper
- Democratic
Primary
The act repeals an existing income tax credit available to taxpayers who make contributions to enterprise zone administrators to promote temporary, emergency, or transitional housing programs for persons experiencing homelessness (repealed credit) and replaces the repealed credit with a credit that is available in the entire state (new credit). Instead of having enterprise zone administrators and the office of economic development administer the new credit, as was how the old credit was administered, the act places that responsibility on the division of housing in the department of local affairs. A taxpayer may claim the new credit when permissible contributions are made not only to an approved project, but also to an approved nonprofit organization providing certain qualifying activities. The amount of the new credit remains the same as the amount of the repealed credit for each contribution; except that, for contributions made in an underserved, rural county, the amount is 30% rather than 25% and is capped at $750,000 in contributions per income tax year for the nonprofit organization, and, if the nonprofit organization also administers one or more approved projects, is capped at an additional $750,000 per income tax year. The new credit's availability is limited to 4 years, and, as was the case for the repealed credit, any credit in excess of a taxpayer's liability for the income tax year for which the credit is claimed may be carried forward for up to 5 years. (Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
House Considered Senate Amendments - Result was to Concur - Repass
House Considered Senate Amendments - Result was to Laid Over Daily
House Considered Senate Amendments - Result was to Laid Over Daily
House Considered Senate Amendments - Result was to Laid Over Daily
House Considered Senate Amendments - Result was to Laid Over Daily
House Considered Senate Amendments - Result was to Laid Over Daily
House Considered Senate Amendments - Result was to Laid Over Daily
Senate Third Reading Passed with Amendments - Floor
Senate Second Reading Special Order - Passed with Amendments - Committee
Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole
Senate Committee on Finance Refer Unamended to Appropriations
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee, Floor
House Committee on Appropriations Refer Amended to House Committee of the Whole
House Committee on Finance Refer Amended to Appropriations
| Bill Text Versions | Format |
|---|---|
| Signed Act (05/31/2022) | |
| Final Act (05/19/2022) | |
| Rerevised (04/29/2022) | |
| Revised (04/28/2022) | |
| Reengrossed (04/18/2022) | |
| Engrossed (04/14/2022) | |
| Introduced (01/19/2022) | |
| PA3 (04/28/2022) | |
| PA1 (04/14/2022) | |
| PA2 (04/14/2022) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note SA1 (04/13/2022) | |
| Fiscal Note SA2 (06/10/2022) | |
| Fiscal Note FN1 (02/04/2022) | |
| Fiscal Note FN2 (04/21/2022) | |
| Fiscal Note FN3 (07/13/2022) |
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