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CS/CS/SB 1150: New Markets Development Program

GENERAL BILL by Budget Subcommittee on Finance and Tax ; Commerce and Tourism ; Richter ; (CO-INTRODUCERS) Bennett ; Lynn ; Detert ; Gibson

New Markets Development Program; Revising limits on tax credits that may be claimed by qualified community development entities under the program; revising restrictions on a qualified community development entity’s making of cash interest payments on certain long-term debt securities, etc.

Effective Date: 7/1/2012
Last Action: 3/9/2012 Senate - Died on Calendar, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
Bill Text: Web Page | 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
    12/6/2011 Senate • Filed
    1/10/2012 Senate • Referred to Commerce and Tourism; Budget -SJ 93
    • Introduced -SJ 963
    1/13/2012 Senate • On Committee agenda-- Commerce and Tourism, 01/19/12, 8:00 am, 401 Senate Office Building
    1/19/2012 Senate • CS by Commerce and Tourism; YEAS 6 NAYS 0 -SJ 252
    1/20/2012 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • CS by Commerce and Tourism read 1st time -SJ 257
    1/25/2012 Senate • Now in Budget -SJ 252
    • Subreferred to Budget Subcommittee on Finance and Tax -SJ 282
    • Now in Budget Subcommittee on Finance and Tax
    2/6/2012 Senate • On Committee agenda-- Budget Subcommittee on Finance and Tax, 02/09/12, 9:00 am, 301 Senate Office Building
    2/9/2012 Senate • CS/CS by Budget Subcommittee on Finance and Tax; YEAS 5 NAYS 0 -SJ 484
    • Now in Budget -SJ 484
    • CS/CS by Budget Subcommittee on Finance and Tax read 1st time -SJ 486
    2/16/2012 Senate • On Committee agenda-- Budget, 02/21/12, 3:45 pm, 412 Knott Building
    2/21/2012 Senate • Favorable by- Budget; YEAS 20 NAYS 0 -SJ 671
    2/22/2012 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    • Placed on Calendar, on 2nd reading -SJ 671
    3/9/2012 Senate • Died on Calendar, companion bill(s) passed, see HB 7087 (Ch. 2012-32)

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  • CS/CS/SB 1150, Committee Substitute 2 (Current Bill Version) Posted 2/9/2012 at 11:39 AM

    Bill Text:   Web Page | PDF
    Analyses:   Budget (Pre-Meeting) 2/20/2012 (pdf)
    Budget (Post-Meeting) 2/21/2012 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1119 (c2) New Markets Development Program Crisafulli Identical Last Action: 3/9/2012 S Died in Commerce and Tourism, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
    Location: In committee/council (CM)
    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

    Committee Votes (1)

    Date Committee Result
    2/21/2012 3:45 PM Budget 20 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/SB 1150, Committee Substitute 1 Posted 1/20/2012 at 8:42 AM

    Bill Text:   Web Page | PDF
    Analyses:   Budget Subcommittee on Finance and Tax (Pre-Meeting) 2/8/2012 (pdf)
    Budget Subcommittee on Finance and Tax (Post-Meeting) 2/13/2012 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1119 (c1) New Markets Development Program Crisafulli Similar Last Action: 3/9/2012 S Died in Commerce and Tourism, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
    Location: In committee/council (CM)
    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
    521394 - Amendment
    Delete lines 29 - 34 and insert:
    Budget Subcommittee on Finance and Tax
    (Altman)
    2/7/2012
    3:50 PM
    Replaced by Committee Substitute
    2/9/2012
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    2/9/2012 9:00 AM Budget Subcommittee on Finance and Tax 5 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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  • SB 1150, Original Filed Version Posted 12/6/2011 at 9:18 AM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 1/24/2012 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1119 New Markets Development Program Crisafulli Similar Last Action: 3/9/2012 S Died in Commerce and Tourism, companion bill(s) passed, see HB 7087 (Ch. 2012-32)
    Location: In committee/council (CM)

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    230942 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:
    Commerce and Tourism
    (Dockery)
    1/18/2012
    8:07 AM
    Favorable
    1/19/2012
    Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/19/2012 8:00 AM Commerce and Tourism 6 Yeas - 0 Nays

    Citations - Statutes (2)

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

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