HOUSE BILL 1230

Sponsored By:

Delegates Haynes, Barnes, Benson, Braveboy, Burns, Cane, Conaway, Frush, Gaines, Glenn, Guzzone, Harrison, Hucker, Ivey, Jones, Kirk, Levi, Love, Mizeur, Nathan-Pulliam, Niemann, Oaks, Pena-Melnyk, Ramirez, Robinson, Stukes, Tarrant, Taylor, F. Turner, V. Turner, Valderrama, and Waldstreicher

Entitled:

Heritage Structure Rehabilitation Tax Credit - Residential Units for Lower-Income Individuals

Synopsis:

Providing that a rehabilitation with at least 30 residential rental units is ineligible for the rehabilitation tax credits unless the entity seeking the credits agrees to set aside at least 10% of the residential rental units as housing for households whose median income is below 60% of the area median income; applying the Act to initial credit certificates issued on or after July 1, 2009; etc.

History by Legislative and Calendar Date

House Action

2/13

First Reading Ways and Means

2/16

Hearing 3/5 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Keith E. Haynes, District 44

Delegate Ben Barnes, District 21

Delegate Joanne C. Benson, District 24

Delegate Aisha N. Braveboy, District 25

Delegate Emmett C. Burns, Jr., District 10

Delegate Rudolph C. Cane, District 37A

Delegate Frank M. Conaway, Jr., District 40

Delegate Barbara Frush, District 21

Delegate Tawanna P. Gaines, District 22

Delegate Cheryl D. Glenn, District 45

Delegate Guy Guzzone, District 13

Delegate Hattie N. Harrison, District 45

Delegate Tom Hucker, District 20

Delegate Jolene Ivey, District 47

Delegate Adrienne A. Jones, District 10

Delegate Ruth M. Kirk, District 44

Delegate Gerron S. Levi, District 23A

Delegate Mary Ann E. Love, District 32

Delegate Heather R. Mizeur, District 20

Delegate Shirley Nathan-Pulliam, District 10

Delegate Doyle L. Niemann, District 47

Delegate Nathaniel T. Oaks, District 41

Delegate Joseline A. Pena-Melnyk, District 21

Delegate Victor R. Ramirez, District 47

Delegate Barbara Robinson, District 40

Delegate Melvin L. Stukes, District 44

Delegate Shawn Z. Tarrant, District 40

Delegate Herman L. Taylor, Jr., District 14

Delegate Frank S. Turner, District 13

Delegate Veronica Turner, District 26

Delegate Kriselda Valderrama, District 26

Delegate Jeff Waldstreicher, District 18

Bill indexed under the following Subjects:

Apartments

Historical Matters

Housing -see also- Apartments; Condominiums; Mobile Homes

Landlord and Tenant -see also- Eviction; Leases & Rent; etc.

Leases and Rent

Real Property

Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.

Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

State Finance and Procurement

( 5A-303 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered