Legislation - HB0585

Requiring the Department of Housing and Community Development to notify the State Department of Assessments and Taxation, within 30 days of closing and the execution and delivery of a certain regulatory agreement, that a commercial property that is developed under a certain provision of federal law has been awarded a low-income tax credit; and applying the Act to all taxable years beginning after June 30, 2025.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0598

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber House Calendar Date 1/23/2025 Legislative Date 1/23/2025 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax - Low-Income Housing Tax Credit - Valuation of Property Proceedings
Chamber House Calendar Date 1/28/2025 Legislative Date 1/28/2025 Action Hearing 2/11 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/04/2025 Legislative Date 3/04/2025 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/05/2025 Legislative Date 2/26/2025 Action Favorable with Amendments {113926/1 Adopted Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/05/2025 Legislative Date 2/26/2025 Action Second Reading Passed with Amendments Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Property Tax - Low-Income Housing Tax Credit - Valuation of Property Proceedings
Chamber House Calendar Date 3/11/2025 Legislative Date 2/28/2025 Action Third Reading Passed (136-4) Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/12/2025 Legislative Date 2/22/2025 Action Referred Budget and Taxation Proceedings 42 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/23/2025	1/23/2025	First Reading Ways and Means
			Text - First - Property Tax - Low-Income Housing Tax Credit - Valuation of Property
House	1/28/2025	1/28/2025	Hearing 2/11 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/04/2025	3/04/2025	Favorable with Amendments Report by Ways and Means
House	3/05/2025	2/26/2025	Favorable with Amendments {113926/1 Adopted	38 Click to view Recorded Media
House	3/05/2025	2/26/2025	Second Reading Passed with Amendments	38 Click to view Recorded Media
			Text - Third - Property Tax - Low-Income Housing Tax Credit - Valuation of Property
House	3/11/2025	2/28/2025	Third Reading Passed (136-4)	40 Click to view Recorded Media
Senate	3/12/2025	2/22/2025	Referred Budget and Taxation	42 Click to view Recorded Media

File Code

Subjects

Statutes