NEW MARKETS-CREDITS
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2026
Last action Mar 27, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
4
Mar 27, 2026
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 26, 2026
Lower · Passed
To Tax Credit and Incentives Subcommittee
lower
Feb 11, 2026
Committee
Assigned to Revenue & Finance Committee
lower
Feb 3, 2026
Committee
Referred to Rules Committee
lower
1 primary · 1 co-sponsor
Sponsors
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