BILL · 2007–08 SESSION · LATEST VERSION SHB 3175
HB 3175: Community development
Providing business and occupation tax incentives to encourage investment in qualified community development entities.
Summary
- Creates the Washington State New Markets Development (NMD) Program, which allows, until December 31, 2013, a tax credit against the business and occupation tax for qualified investments benefitting low-income community businesses, up to $15 million in total NMD Program tax credits in a fiscal year.
From the House Bill Report (HB 3175), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedJan 23, 2008
- Out of committeestopped here
- Passed House
- Passed Senate
- Governor
- Law
- Prime sponsor
- Steve Conway (D-29)
- Introduced
- January 23, 2008 in the House
- Last action
- February 6, 2008
- Budget
- Has a fiscal note
- Versions
- HB 3175, SHB 3175
AN ACT Relating to business and occupation tax incentives to encourage investment in qualified community development entities;
Sponsors
Prime sponsor: Steve Conway (D-29)
18 co-sponsors (13 Democrats, 5 Republicans)
Eric Pettigrew D-37Maralyn Chase D-32Kelli Linville D-42Bob Hasegawa D-11Bill Fromhold D-49Pat Sullivan D-47Mary Skinner R-14Dan Roach R-31Jim McIntire D-46Cary Condotta R-12Ed Orcutt R-18Dawn Morrell D-25Mark Ericks D-1Troy Kelley D-28Jim Dunn R-17Phyllis Gutierrez Kenney D-46Sharon Tomiko Santos D-37Timm Ormsby D-3
Votes
No recorded floor votes. This measure never reached a floor vote.
History
- Referred to Finance. (SHB 3175)
- Referred to Finance.
- CEDT - Majority; 1st substitute bill be substituted, do pass. (SHB 3175)
- CEDT - Executive action taken by committee.
- CEDT - Majority; 1st substitute bill be substituted, do pass.
- First reading, referred to Community & Economic Development & Trade.
HB 3175 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- HB 3175 (2009–10) Minority & women's business
- HB 3175 (2005–06) Election of judges
- HB 3175 (2003–04) Financial assistance/county