104th General Assembly
HB 4636
New markets-credits
New Markets-Credits
In Committee
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
Amends the New Markets Development Program Act. Provides that a credit under the Act may be transferred to an affiliate. Provides that the cap on credits is $37,000,000 for fiscal years beginning on or after July 1, 2029. Makes changes concerning the allocation schedule. Effective immediately.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Jay Hoffman
HouseILDemocrat
Cosponsor
Travis Weaver
HouseILRepublican
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