BILL · 2007–08 SESSION

SB 5630: Community & economic dev

Clarifying how cities, towns, counties, public corporations, and port districts may participate in the federal new markets tax credit program.

Summary

  • Cities, towns, counties, public corporations, and port districts are authorized to create partnerships and limited liability companies, and enter into public or private agreements, to implement the federal New Markets Tax Credit Program.

From the Senate Bill Report (SB 5630), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedJan 26, 2007
  2. Out of committeeFeb 15, 2007
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jim Kastama (D-25)
Introduced
January 26, 2007 in the Senate
Last action
January 14, 2008
Companion bill
HB 1430
Budget
Has a fiscal note

AN ACT Relating to financing community and economic development;

Sponsors

Prime sponsor: Jim Kastama (D-25)

4 co-sponsors (4 Democrats, 0 Republicans)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status.
  2. Senate Rules "X" file.
  3. EDTM - Majority; do pass.
  4. Passed to Rules Committee for second reading.
  5. First reading, referred to Economic Development, Trade & Management.

SB 5630 in other sessions

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

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