NEW MARKETS-CREDITS

What it does

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

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.

Every action

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

1. Mar 10, 2026SenateAdded as Co-Sponsor Sen. Javier L. Cervantes
2. Mar 13, 2026SenateRule 2-10 Committee Deadline Established As April 24, 2026
3. Apr 24, 2026SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
4. Apr 28, 2026SenateAdded as Co-Sponsor Sen. Laura M. Murphy
5. May 1, 2026SenateAdded as Co-Sponsor Sen. Chris Balkema
6. May 13, 2026SenateAdded as Co-Sponsor Sen. Lakesia Collins
7. May 15, 2026SenateRule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
8. May 22, 2026CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 7 cosponsors: 4 Democrats, 3 Republicans.

• Christopher BeltD Primary sponsor · District 57