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• Introduced by Rep. Robert Jones (D) on February 6, 2009, to require the Department of Treasury to report to the legislature each year on the activities of the department related to the treatment of state tax credits based on federal “new markets tax credits,” as proposed by House Bills 6429 to 6431. “New markets tax credits” is a program that subsidizes capital investments or loans to certain business entities or individuals in low-income communities.
  • Referred to the House Tax Policy Committee on February 6, 2009.
    • Reported in the House on April 1, 2009, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
  • Substitute offered in the House on April 26, 2009, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed in the House by voice vote on April 26, 2009.
• Passed in the House (103 to 6) on April 26, 2009. [Vote Details and Comments]
• Received in the Senate on April 30, 2009.
  • Referred to the Senate Finance Committee on April 30, 2009.