James F. Clayborne, Jr.
- Democratic
Primary
Creates the New Markets Development Program Act. Defines terms. Provides that taxpayers that make a qualified equity investment earn a vested right to certain tax credits against income, franchise, and insurance premium taxes. Credits are not transferable. Sets annual caps on credits. Provides for recapture. Authorizes the Department of Commerce and Economic Opportunity to promulgate rules. Sunsets after fiscal year 2012 unless reauthorized by the General Assembly. Contains other provisions. Effective immediately.
Public Act . . . . . . . . . 95-1024
Effective Date December 31, 2008
Governor Approved
Sent to the Governor
3/5 Vote Required
House Committee Amendment No. 1 Senate Concurs 057-000-000
3/5 Vote Required
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Revenue; 007-000-000
Passed Both Houses
Added as Chief Co-Sponsor Sen. Donne E. Trotter
House Floor Amendment No. 2 Senate Concurs 057-000-000
Approved for Consideration Rules
House Floor Amendment No. 2 Motion to Concur Rules Referred to Revenue
House Committee Amendment No. 1 Motion to Concur Rules Referred to Revenue
Placed on Calendar Order of Concurrence House Amendment(s) November 13, 2008; 01,02
Pursuant to Senate Rule 3-9(b) / Referred to Rules
Placed on Calendar Order of Concurrence House Amendment(s) 01,02-May 31, 2008
House Floor Amendment No. 2 Motion to Non-Concur Filed with Secretary Sen. James F. Clayborne, Jr.
House Committee Amendment No. 1 Motion to Non-Concur Filed with Secretary Sen. James F. Clayborne, Jr.
House Floor Amendment No. 2 Motion to Concur Referred to Rules
House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr.
House Committee Amendment No. 1 Motion to Concur Referred to Rules
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr.
Secretary's Desk - Concurrence House Amendment(s) 01,02
Added Alternate Chief Co-Sponsor Rep. Monique D. Davis
Third Reading - Short Debate - Passed 110-000-000
Added Alternate Co-Sponsor Rep. Eddie Washington
Added Alternate Co-Sponsor Rep. Milton Patterson
Added Alternate Chief Co-Sponsor Rep. Charles E. Jefferson
Added Alternate Chief Co-Sponsor Rep. Mike Boland
Added Alternate Chief Co-Sponsor Rep. LaShawn K. Ford
House Floor Amendment No. 2 Adopted by Voice Vote
Placed on Calendar Order of 3rd Reading - Short Debate
House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000
Final Action Deadline Extended-9(b) May 31, 2008
House Floor Amendment No. 2 Filed with Clerk by Rep. Arthur L. Turner
House Floor Amendment No. 2 Referred to Rules Committee
Do Pass as Amended / Short Debate Revenue Committee; 008-000-000
House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
Moved to Suspend Rule 25 Rep. Barbara Flynn Currie
Motion to Suspend Rule 25 - Prevailed
Held on Calendar Order of Second Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Committee Deadline Extended-Rule 9(b) May 23, 2008
Assigned to Revenue Committee
First Reading
Referred to Rules Committee
Chief House Sponsor Rep. Arthur L. Turner
Arrived in House
Placed on Calendar Order of First Reading
Third Reading - Passed; 052-000-000
Second Reading
Placed on Calendar Order of 3rd Reading March 13, 2008
Added as Co-Sponsor Sen. Pamela J. Althoff
Placed on Calendar Order of 2nd Reading March 11, 2008
Added as Chief Co-Sponsor Sen. Chris Lauzen
Do Pass Revenue; 007-000-001
Postponed - Revenue
Added as Co-Sponsor Sen. Bill Brady
Added as Chief Co-Sponsor Sen. Michael W. Frerichs
Assigned to Revenue
Filed with Secretary by Sen. James F. Clayborne, Jr.
Referred to Rules
First Reading
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 002 | |
| House Amendment 001 |
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