Catalytic Revitalization Project Tax Credit - Alterations

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill changes how the state’s catalytic revitalization project tax credit is awarded, adding a definition of “workforce housing” and giving extra credit for projects that include at least 20% of such units. It also lifts the total amount of credits the Secretary can issue each year from $15 million to $30 million and clarifies when credits can be revoked or transferred. The changes apply to all new applications after July 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Budget and Taxation — Bill Hearing
  Budget and Taxation · Apr 1, 2026
• Senate Budget and Taxation Committee
  Senate Budget and Taxation Committee · Apr 1, 2026
• Ways and Means — Bill Hearing
  Ways and Means · Mar 5, 2026

History

1. Apr 28, 2026Approved by the Governor - Chapter 310
2. Apr 13, 2026Third Reading Passed
3. Apr 13, 2026Returned Passed
4. Apr 9, 2026Second Reading Passed
5. Apr 9, 2026Favorable Report by Budget and Taxation
6. Apr 9, 2026Favorable Adopted
7. Mar 25, 2026Hearing 4/01 at 1:15 p.m.
8. Mar 19, 2026Referred Budget and Taxation
9. Mar 18, 2026Third Reading Passed
10. Mar 18, 2026Second Reading Passed with Amendments
11. Mar 18, 2026Favorable with Amendments Report by Ways and Means
12. Mar 18, 2026Favorable with Amendments {

The 12 most recent of 14 recorded actions.

Sponsors

• Ruff · sponsor
• Acevero
• Addison
• Amprey
• Conaway
• Kaufman
• Lopez
• Martinez
• Phillips
• Solomon
• Stinnett
• Wolek

Bill text

Opens the legislature’s own copy.

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