Tax Credit Availability
| Type | Bill |
|---|---|
| Session | 2025 Regular Session |
| Subjects |
Concerning the determination of the extent of the availability of income tax credits that are contingent upon the compound annual growth rate.
Bill Summary:
The availability of both the family affordability tax credit and the earned income tax credit has been determined by the compound annual growth rate between actual state revenue in state fiscal year 2024-25 and projected state revenue for the fiscal year that begins during the relevant state income tax year. Under the act, the availability of both tax credits is determined by the compound annual growth rate between state revenue for state fiscal year 2024-25, as projected in the March 2024 office of state planning and budgeting revenue forecast, and projected state revenue for the fiscal year that begins during the relevant state income tax year.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/30/2025 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 25-1335 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Refer House Bill 25-1335, as amended, to the Committee of the Whole. | The motion passed on a vote of 10-1. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/05/2025 | Third Reading | BILL |
34
AYE
1
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/02/2025 | Third Reading | BILL |
56
AYE
7
NO
2
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 05/01/2025 | L.001 | HOU Appropriations | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 06/03/2025 | Governor | Governor Signed |
| 05/13/2025 | Governor | Sent to the Governor |
| 05/13/2025 | Senate | Signed by the President of the Senate |
| 05/13/2025 | House | Signed by the Speaker of the House |
| 05/05/2025 | Senate | Senate Third Reading Passed - No Amendments |
| 05/02/2025 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 05/02/2025 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 05/02/2025 | Senate | Introduced In Senate - Assigned to Appropriations |
| 05/02/2025 | House | House Third Reading Passed - No Amendments |
| 05/01/2025 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 05/01/2025 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 04/29/2025 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 06/03/2025 | 410 | Tax Credit Availability |