Relating to rural development funds and insurance tax credits for certain investments in those funds; authorizing fees.
What changed between versions
The bill text was reorganized and renumbered from a draft format to an official engrossed version, changing the bill number from 'HB 4735' to '89(R) HB 4735' and adjusting section numbering conventions.
New header information was added including the bill number, sponsor names (Ashby, Button, King), and official bill title.
Draft version metadata and placeholder text were removed, including the original bill header and draft-specific annotations.
The definition of 'jobs created' was modified to clarify that positions requiring less than 35 hours per week may still count if they meet industry standards for full-time employment.
New requirements were added for rural development funds to exit the program after six years, including application procedures and state reimbursement calculations.
Enhanced enforcement mechanisms were added, including specific timelines for comptroller decisions, grounds for denial, and procedures for correcting violations before tax credit reductions or revocations.
How they voted
Actions timeline
Sponsors
