Legislation

Allowing certain owners of qualified developments of low income housing to claim a credit against the State income tax; prohibiting a credit in a taxable year from exceeding the owner's State income tax for the taxable year; prohibiting credits claimed by owners of a pass-through entity from exceeding a certain amount; allowing unused credits to be claimed in subsequent taxable years under certain circumstances; requiring the Secretary of Housing and Community Development to approve certain applications; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0583

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Legislation History
Chamber House Calendar Date 2/13/2019 Legislative Date 2/13/2019 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Affordable Housing Credit Proceedings
Chamber House Calendar Date 2/22/2019 Legislative Date 2/25/2019 Action Rereferred to Ways and Means Proceedings
Chamber House Calendar Date 2/27/2019 Legislative Date 2/27/2019 Action Hearing 3/12 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/13/2019	2/13/2019	First Reading House Rules and Executive Nominations
			Text - First - Income Tax - Affordable Housing Credit
House	2/22/2019	2/25/2019	Rereferred to Ways and Means
House	2/27/2019	2/27/2019	Hearing 3/12 at 1:00 p.m.

File Code

Subjects

Statutes