Vaneta Becker
- Republican
- Senator
- District 50
Author
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.
Public Law 124
Signed by the Governor
Signed by the President of the Senate
Signed by the Speaker
Signed by the President Pro Tempore
Conference Committee Report 1: adopted by the Senate; Roll Call 301: yeas 48, nays 0
CCR # 1 filed in the House
Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 308: yeas 91, nays 0
CCR # 1 filed in the Senate
House advisors appointed: Ledbetter, Clere and Klinker
Senate advisors appointed: Hunley and Leising
Senate conferees appointed: Becker and Randolph Lonnie M
Senate dissented from House amendments
Motion to dissent filed
Concurrence withdrawn
House conferees appointed: Manning and Porter
Returned to the Senate with amendments
Motion to concur filed
Representative Moed added as cosponsor
Third reading: passed; Roll Call 235: yeas 95, nays 0
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Representative Porter added as cosponsor
First reading: referred to Committee on Ways and Means
Referred to the House
Senator Leising added as second author
Senator Tomes added as coauthor
Cosponsor: Representative Ledbetter
House sponsor: Representative Manning
Third reading: passed; Roll Call 113: yeas 48, nays 0
Senator Randolph added as coauthor
Second reading: amended, ordered engrossed
Amendment #1 (Baldwin) prevailed; voice vote
Committee report: do pass, adopted
First reading: referred to Committee on Tax and Fiscal Policy
Authored by Senator Becker
| Bill Text Versions | Format |
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| Enrolled Senate Bill (S) | |
| Senate Bill (S) | PDF PDF |
| Engrossed Senate Bill (H) | |
| Introduced Senate Bill (S) |
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| No related documents. |
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