The General Assembly’s move toward authorizing crowdfunding in North Carolina took another twist on Monday.

The bill is now part of a larger piece of legislation in the Senate where it’s likely to be OK’d.

But what happens next?

Mark Binker, who covers the General Assembly for WRAL, tells The Skinny:

“The crowd funding bill has moved.

“It has now jumped into H [House bill] 1224, which is the piece that dealt with JMAC expansion and the new sales tax.”

JMAC refers to revisions in economic development recruiting and job retention known as the Job Maintenance and Capital Development Funds.The sales tax covers guidelines for county levies and uses of those funds.

The overall bill can be read online.

But of most interest to entrepreneurs is what happens to the NC JOBS Act, which now is part of a larger bill.

“That’s going to shoot through the Senate and back to the House this week,” Binker says.

However, he cautions: “Unsure what will happen once it gets back over there.”

Here’s what WRAL’s Laura Leslie wrote of the revamped bill and crowdfunding:

“The new version of the bill also includes the crowd-funding provision that passed the House last year. It would allow North Carolina companies to solicit up to $1 million a year in small investments – up to $2,000 – from state residents.

“[Sponsor Rick] Gunn [senator from Alamance county] said it would be ‘an appropriate tool’ for the state to use to encourage start-ups, tech firms and entrepreneurs.

“As we continue to look at job creating legislation,” Gunn said, “we really do have a serious capital issue out there. This crowd-funding bill certainly will help these small companies find a source of capital.”

The Senate Finance Committee is expected to approve the bill today or Wednesday, Leslie reports.

Just last week, the Senate Commerce Committee approved the crowdfunding legislation. 

Crowdfunding, which has been approved decisively in the House, is caught up in the ongoing budget fight, which shows no signs of ending.

Read WRAL.com’s coverage to get an update on the overall negotiations.