Tax Credit Bills Switcheroo
* The House TAC-EDB committees have extracted the body of HB1590, HD2 (with slight revisions) and put it under the header SB541, HD1
* The Senate MAT committee has extracted the body of SB541, SD1 and put it under the header HB1590, SD1
This recent "switcheroo" of the bodies of the two refundable film tax credit bills may seem odd, but such is our legislative process. To help you make sense of it all (or to confuse you further), here's a snapshot of how each of the film tax credit bills has evolved thus far:
HB1590 > TAC-EDB > HB1590, HD1 > FIN > HB1590, HD2 > Crossover to Senate > MAT > HB1590, SD1 > WAM > ????
SB541 > MAT > SB541, SD1 > WAM > SB541, SD2 > Crossover to House > TAC-EDB > SB541, HD1 > FIN > ????
If WAM and FIN decide to pass the latest versions of HB1590 and SB541, respectively, each bill will cross back over to its originating body. The originating body will review the latest version and decide whether to agree or disagree with it.
> If the originating body agrees, a final vote will be taken and the bill will be sent to the governor to be signed into law (or vetoed).
> If the originating body disagrees, the bill will go into Conference to be vetted by both the House and the Senate, until both bodies can agree on a single version of the bill. If an agreement can't be reached, the bill will die.
* The Senate MAT committee has extracted the body of SB541, SD1 and put it under the header HB1590, SD1
This recent "switcheroo" of the bodies of the two refundable film tax credit bills may seem odd, but such is our legislative process. To help you make sense of it all (or to confuse you further), here's a snapshot of how each of the film tax credit bills has evolved thus far:
HB1590 > TAC-EDB > HB1590, HD1 > FIN > HB1590, HD2 > Crossover to Senate > MAT > HB1590, SD1 > WAM > ????
SB541 > MAT > SB541, SD1 > WAM > SB541, SD2 > Crossover to House > TAC-EDB > SB541, HD1 > FIN > ????
If WAM and FIN decide to pass the latest versions of HB1590 and SB541, respectively, each bill will cross back over to its originating body. The originating body will review the latest version and decide whether to agree or disagree with it.
> If the originating body agrees, a final vote will be taken and the bill will be sent to the governor to be signed into law (or vetoed).
> If the originating body disagrees, the bill will go into Conference to be vetted by both the House and the Senate, until both bodies can agree on a single version of the bill. If an agreement can't be reached, the bill will die.
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posted by mynette at
2:42 PM
