Kerry Tipper
- Democratic
- Representative
- District 28
Primary
The bill 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 people experiencing homelessness and replaces that income tax credit with one that is available in the entire state. Instead of having the enterprise zone administrators and the office of economic development manage the credit, the bill places that responsibility on the division of housing in the department of local affairs. The bill also expands the scope so that a taxpayer may claim the tax credit when permissible contributions are made not only to an approved project, but also to approved nonprofit organizations providing certain qualifying activities. The amount of the income tax credit remains the same for each contribution; except that, for contributions made in an underserved, rural county, the amount is 30% rather than 25%, and the new credit 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, the new credit is capped at an additional $750,000 per project income tax year. The new credit's availability is limited to 8 6 years, and, in the same manner as the enterprise zone tax credit that is being repealed, any credit in excess of a taxpayer's liability for the income tax year for which the credit is claimed may be carried forward for up to 5 years.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: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
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 |
|---|---|
| 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 FN1 (02/04/2022) | |
| Fiscal Note FN2 (04/21/2022) |
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