Florida Senate - 2017 SB 1658 By Senator Torres 15-01350-17 20171658__ 1 A bill to be entitled 2 An act relating to the State Housing Tax Credit 3 Program; amending s. 220.185, F.S.; requiring a 4 minimum allocation to be appropriated to the State 5 Housing Tax Credit Program for each fiscal year; 6 providing an effective date. 7 8 Be It Enacted by the Legislature of the State of Florida: 9 10 Section 1. Paragraph (b) of subsection (2) of section 11 220.185, Florida Statutes, is amended to read: 12 220.185 State housing tax credit.— 13 (2) AUTHORIZATION TO GRANT STATE HOUSING TAX CREDITS; 14 LIMITATION.— 15 (b) The total amount of tax credits allocated for all 16 projects mayshallnot exceed the amount appropriated for the 17 State Housing Tax Credit Program in the General Appropriations 18 Act. Subject to annual appropriations in the General 19 Appropriations Act, at least $500,000 shall be appropriated to 20 the State Housing Tax Credit Program for each fiscal year. The 21 total tax credits allocated is defined as the total credits 22 pledged over a 5-year period for all projects. 23 Section 2. This act shall take effect July 1, 2017.