Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
Now law
This is now an official law, recorded in the state's law books.
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In plain words
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Fiscal Summary NOT SIGNIFICANT Bill Summary ON APRIL 22, 2026, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 2156, AS AMENDED. AMENDMENT #1 rewrites the bill to, instead, make the following changes to present law for any financial institution that may credit against the sum total of the taxes imposed by the Franchise Tax law and by the Excise Tax law: Three percent annually from the unpaid principal balance of a qualified loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund as of December 31 of each year for the life of the loan or 15 years, whichever is earlier, to the month-end average unpaid principal balance of a qualified loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund for the financial institution's fiscal year for the life of the loan or 15 years, whichever is earlier. Five percent annually from the unpaid principal balance of a qualified low-rate loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund as of December 31 of each year for the life of the loan or 15 years, whichever is earlier, to the month-end average unpaid principal balance of a qualified low-rate loan made to a community development financial institution that is certified by the United States department of the treasury's community development financial institutions fund for the financial institution's fiscal year for the life of the loan or 15 years, whichever is earlier. This amendment also provides that an insurance company who makes a qualified loan or qualified long-t
