HSB 671

Where it is now

1. ✓
   Done: IntroducedJune 9, 2020
2. ✓
   Done: SubcommitteeFebruary 11, 2020
3. ✓
   Done: House committeeMarch 11, 2020
4. ✕
   Stopped: Passes the HouseDied when the General Assembly ended
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill relates to certain tax credits awarded by the economic development authority for equity investments in a qualifying business or innovation fund.52. The bill caps the aggregate amount of these tax credits at $10 million. The bill changes the maximum amount of tax credits that may be issued in a year to a natural person and the person’s spouse or dependant, or for equity investments in any one qualifying business, from a calendar year basis to a fiscal year basis. The bill takes effect upon enactment.

Full bill text¹

House subcommittee

Named February 11, 2020. On March 10, 2020 it recommended passage.

• Rep. Jane Bloomingdale REmail
• Rep. Joe Mitchell R
• Rep. Timi Brown-Powers DEmail

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Family tree

Similar bills

• SSB 3196 SSB 3196
  88th General Assembly · Subcommittee recommends passage
  Very similar

Matched by wording or an identical title.