SB 260 IN

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Became Law

Defines a "community based organization" as a private, nonprofit corporation whose board of directors is comprised of business, civic, and community leaders, and whose principal purpose includes the provision of low income housing. (Current law limits administration, through a financial institution, of an account to community development corporations.) Provides that: (1) the first $1,500 (rather than $800) is eligible for a state deposit in an individual's account; (2) the allocation, for each account that has been established, for not more than five years, is $3 for each $1 of the first $1,500 (rather than the first $400) an individual deposited into the individual's account; and (3) the amount of the allocation may not exceed $4,500 (rather than $2,400) for each account. Makes various changes to the administration of and procedure for claiming the neighborhood assistance tax credit and the individual development account tax credit. Removes a reference to an obsolete tax.

• Vaneta Becker Republican · author
• Jean Leising Republican · author
• Ethan Manning Republican · sponsor

1. Jan 16, 2024 Authored by Senator Becker · upper
2. Jan 16, 2024 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Jan 30, 2024 Committee report: do pass, adopted · upper
4. Feb 1, 2024 Second reading: amended, ordered engrossed · upper
5. Feb 1, 2024 Senator Randolph added as coauthor · upper
6. Feb 1, 2024 Amendment #1 (Baldwin) prevailed; voice vote · upper
7. Feb 5, 2024 Senator Tomes added as coauthor · upper
8. Feb 5, 2024 House sponsor: Representative Manning · upper
9. Feb 5, 2024 Cosponsor: Representative Ledbetter · upper
10. Feb 5, 2024 Third reading: passed; Roll Call 113: yeas 48, nays 0 · upper
11. Feb 5, 2024 Senator Leising added as second author · upper
12. Feb 6, 2024 Referred to the House · upper
13. Feb 12, 2024 First reading: referred to Committee on Ways and Means · lower
14. Feb 20, 2024 Representative Porter added as cosponsor · lower
15. Feb 22, 2024 Committee report: amend do pass, adopted · lower
16. Feb 26, 2024 Second reading: ordered engrossed · lower
17. Feb 27, 2024 Representative Moed added as cosponsor · lower
18. Feb 28, 2024 Motion to concur filed · upper
19. Feb 27, 2024 Third reading: passed; Roll Call 235: yeas 95, nays 0 · lower
20. Feb 28, 2024 Returned to the Senate with amendments · lower
21. Feb 29, 2024 Senate conferees appointed: Becker and Randolph Lonnie M · upper
22. Feb 29, 2024 Senate dissented from House amendments · upper
23. Feb 29, 2024 Motion to dissent filed · upper
24. Feb 29, 2024 Concurrence withdrawn · upper
25. Feb 29, 2024 Senate advisors appointed: Hunley and Leising · upper
26. Feb 29, 2024 House conferees appointed: Manning and Porter · lower
27. Feb 29, 2024 House advisors appointed: Ledbetter, Clere and Klinker · lower
28. Mar 6, 2024 CCR # 1 filed in the Senate · upper
29. Mar 6, 2024 CCR # 1 filed in the House · lower
30. Mar 6, 2024 Rules Suspended. Conference Committee Report 1: adopted by the House; Roll Call 308: yeas 91, nays 0 · lower
31. Mar 7, 2024 Conference Committee Report 1: adopted by the Senate; Roll Call 301: yeas 48, nays 0 · upper
32. Mar 8, 2024 Signed by the President Pro Tempore · upper
33. Mar 11, 2024 Signed by the Speaker · lower
34. Mar 12, 2024 Signed by the President of the Senate · upper
35. Mar 13, 2024 Public Law 124 · upper
36. Mar 13, 2024 Signed by the Governor · executive

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Enrolled Senate Bill (S) · PDF
• Senate Bill (S) · PDF
• Senate Bill (S) · PDF
• Engrossed Senate Bill (H) · PDF
• Introduced Senate Bill (S) · PDF