SB3067Introduced in the Senate
NEW MARKETS-CREDITS
Introduced by Christopher Belt, District 57
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
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.
Where it stands
Rule 3-9(a) / Re-referred to Assignments
May 22, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with Secretary by Sen. Christopher Belt
First Reading
Referred to Assignments
Assigned to Revenue
Added as Co-Sponsor Sen. John F. Curran
Added as Co-Sponsor Sen. David Koehler
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Javier L. Cervantes
Rule 2-10 Committee Deadline Established As April 24, 2026
Rule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
Added as Co-Sponsor Sen. Laura M. Murphy
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Lakesia Collins
Rule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
Rule 3-9(a) / Re-referred to Assignments
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.