Tax Credits for Investment in Rural Communities

What it does

The legislature's own summary of the bill, or its official long title.

Tax Credits for Investment in Rural Communities; Requires Department of Commerce to accept applications seeking approval as rural fund; specifies application criteria; requires rural fund to collect contributions & investments requires growth fund to send documentation of contributions & investments to department; requires department to provide tax credit certificate against state tax liability; provides restrictions on credit; provides requirements regarding tax certificates; provides mechanism to exit program; requires rural fund to submit report to department annually.

Every action

9 steps, oldest first, as the legislature records them.

1. Feb 20, 2025HouseFiled
2. Mar 2, 2025CommitteeReferred to Housing, Agriculture & Tourism Subcommittee · House Housing, Agriculture & Tourism Subcommittee
3. Mar 2, 2025CommitteeReferred to Ways & Means Committee · House Ways & Means Committee
4. Mar 2, 2025CommitteeReferred to Transportation & Economic Development Budget Subcommittee · House Transportation & Economic Development Budget Subcommittee
5. Mar 2, 2025CommitteeReferred to Commerce Committee · House Commerce Committee
6. Mar 2, 2025CommitteeNow in Housing, Agriculture & Tourism Subcommittee · House Housing, Agriculture & Tourism Subcommittee
7. Mar 4, 2025House1st Reading (Original Filed Version)
8. May 3, 2025HouseIndefinitely postponed and withdrawn from consideration
9. Jun 16, 2025CommitteeDied in Housing, Agriculture & Tourism Subcommittee · House Housing, Agriculture & Tourism Subcommittee

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 1 cosponsor: 1 Democrat.

• Kaylee TuckR Primary sponsor · District 83