BILL · 2001–02 SESSION

HB 1377: Community development

Providing tax credits to promote community development.

Summary

$ Allows a business to receive a tax credit for deposits made in an interest-free account with a community development financial institution, provided the deposit is in an amount of at least $50,000 and remains deposited for at least five years. The tax credit is equal to 25 percent of the deposit and there are penalty provisions for early withdrawal.

From the House Bill Analysis (HB 1377), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to community development financial institutions;

No recorded floor votes. This measure never reached a floor vote.

Bill numbers restart every two years, so the same number is a different bill in each session.

HB 1377 (2025–26) Ferry system emergency decl. · Did not pass · died in committee
HB 1377 (2023–24) Continuing education/K-12 · Enacted · Chapter 221, Laws of 2024
HB 1377 (2021–22) In-person voting · Did not pass · died in committee
HB 1377 (2019–20) Housing dev./religious orgs. · Enacted · Chapter 218, Laws of 2019
HB 1377 (2017–18) Student mental health · Enacted · Chapter 200, Laws of 2018
HB 1377 (2015–16) County auditors' names · Did not pass · died in committee
HB 1377 (2013–14) Public disclosure commission · Did not pass · stalled on the House floor
HB 1377 (2011–12) Interest arbitration panels · Did not pass · died in committee