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CS/CS/HB 1119: New Markets Development Program

GENERAL BILL by Economic Affairs Committee ; Finance and Tax Committee ; Crisafulli ; (CO-INTRODUCERS) Brodeur ; Burgin ; Corcoran ; Costello ; Ford ; Fullwood

New Markets Development Program; Revises limits on tax credits that may be claimed by qualified community development entities under New Markets Development Program; revises restrictions on qualified community development entity's making of cash interest payments on certain long-term debt securities.

Effective Date: 7/1/2012
Last Action: 3/9/2012 Senate - Died in Commerce and Tourism, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
Bill Text: PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Budget Subcommittee on Finance and Tax (BFT)
  3. Budget (BC)

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  • Bill History

    Date Chamber Action
    12/22/2011 House • Filed
    1/9/2012 House • Referred to Business and Consumer Affairs Subcommittee; Finance and Tax Committee; Economic Affairs Committee -HJ 109
    1/10/2012 House • Introduced -HJ 109
    1/12/2012 House • On Committee agenda-- Business and Consumer Affairs Subcommittee, 01/17/12, 12:30 pm, 404 HOB
    1/17/2012 House • Favorable by Business and Consumer Affairs Subcommittee; YEAS 14 NAYS 0 -HJ 238
    1/18/2012 House • Now in Finance and Tax Committee -HJ 238
    1/30/2012 House • On Committee agenda-- Finance and Tax Committee, 02/01/12, 1:00 pm, Morris Hall
    2/1/2012 House • CS by Finance and Tax Committee; YEAS 21 NAYS 0 -HJ 456
    2/2/2012 House • Pending review of CS under Rule 7.19(c)
    • CS by Finance and Tax Committee read 1st time -HJ 448
    2/15/2012 House • Now in Economic Affairs Committee -HJ 631
    • On Committee agenda-- Economic Affairs Committee, 02/17/12, 8:00 am, Reed Hall
    2/17/2012 House • CS/CS by- Economic Affairs Committee; YEAS 16 NAYS 0 -HJ 686
    2/20/2012 House • Pending review of CS -under Rule 7.19(c)
    • Placed on Calendar -HJ 682
    • CS/CS by Economic Affairs Committee read 1st time -HJ 679
    • Placed on Special Order Calendar, 02/22/12
    2/22/2012 House • Read 2nd time -HJ 729
    • Placed on 3rd reading
    2/23/2012 House • Read 3rd time -HJ 779
    • CS passed; YEAS 113 NAYS 0 -HJ 779
    2/24/2012 Senate • In Messages
    3/5/2012 Senate • Received -SJ 827
    • Referred to Commerce and Tourism; Budget Subcommittee on Finance and Tax; Budget -SJ 827
    3/9/2012 Senate • Died in Commerce and Tourism, companion bill(s) passed, see HB 7087 (Ch. 2012-32)

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  • CS/CS/HB 1119, Committee Substitute 2 (Current Bill Version) Posted 2/20/2012 at 1:11 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1150 (c2) New Markets Development Program Richter Identical Last Action: 3/9/2012 S Died on Calendar, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
    Location: On 2nd Reading Calendar
    H 7087 (er) Economic Development Finance and Tax Committee Compare Last Action: 3/28/2012 Chapter No. 2012-32, companion bill(s) passed, see CS/HB 517 (Ch. 2012-61), CS/CS/CS/HB 599 (Ch. 2012-174), HB 693 (Ch. 2012-208)
    Location: Became Law

    Floor Votes (1)

    Date Chamber Result
    2/23/2012 2:42 PM House 113 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    288.9914 Certification of qualified investments; investment issuance reporting. Page 1 (pdf)
    288.9915 Use of proceeds from qualified investments; recordkeeping. Page 1 (pdf)

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  • CS/HB 1119, Committee Substitute 1 Posted 2/2/2012 at 11:48 AM

    Bill Text:   PDF
    Analyses:   Economic Affairs Committee (Post-Meeting) 2/20/2012 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1150 (c2) New Markets Development Program Richter Similar Last Action: 3/9/2012 S Died on Calendar, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
    Location: On 2nd Reading Calendar
    H 7087 (e2) Economic Development Finance and Tax Committee Compare Last Action: 3/28/2012 Chapter No. 2012-32, companion bill(s) passed, see CS/HB 517 (Ch. 2012-61), CS/CS/CS/HB 599 (Ch. 2012-174), HB 693 (Ch. 2012-208)
    Location: Became Law

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    788841 - Amendment
    Remove lines 29-35 and insert:
    Crisafulli 2/16/2012
    6:45 PM
    Adopted without Objection
    2/17/2012
    PDF

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    288.9914 Certification of qualified investments; investment issuance reporting. Page 1 (pdf)
    288.9915 Use of proceeds from qualified investments; recordkeeping. Page 1 (pdf)

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  • HB 1119, Original Filed Version Posted 12/22/2011 at 9:12 AM

    Bill Text:   PDF
    Analyses:   Business and Consumer Affairs Subcommittee (Post-Meeting) 1/18/2012 (pdf)
    Finance and Tax Committee (Post-Meeting) 2/2/2012 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1150 (c1) New Markets Development Program Richter Identical Last Action: 3/9/2012 S Died on Calendar, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
    Location: On 2nd Reading Calendar
    H 7087 Economic Development Finance and Tax Committee Compare Last Action: 3/28/2012 Chapter No. 2012-32, companion bill(s) passed, see CS/HB 517 (Ch. 2012-61), CS/CS/CS/HB 599 (Ch. 2012-174), HB 693 (Ch. 2012-208)
    Location: Became Law

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    918129 - Amendment
    Remove lines 29-35 and insert:
    Crisafulli 1/31/2012
    6:12 PM
    PDF

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    288.9914 Certification of qualified investments; investment issuance reporting. Page 1 (pdf)
    288.9915 Use of proceeds from qualified investments; recordkeeping. Page 1 (pdf)

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