HB 413: State Workforce Housing Tax Credit Program
GENERAL BILL by Aloupis ; (CO-INTRODUCERS) Raschein
State Workforce Housing Tax Credit Program; Provides credit against corporate income tax for certain taxpayers owning interests in eligible workforce housing developments; requires FHFC to make agency awards of credit; specifies requirements for claiming & awarding awards; limits amount of awards; provides for allocation of annual credit amounts; requires certification of such amounts; authorizes recipients of credit to carry forward portion of credit; requires corporation to establish procedures to monitor compliance; provides for credit recapture; creates Workforce Housing Tax Credit Program; requires FHFC to administer program & determine which workforce housing developments are eligible for certain tax credits; specifies requirements for administration of program; requires DOR to apply credits to tax liability; requires state workforce housing tax credits to be allowed against insurance premium tax & retaliatory tax after applying certain deductions & credits.
Last Action: 5/3/2019 House - Died in Local, Federal and Veterans Affairs Subcommittee
Bill Text: PDF
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Bill History
Date Chamber Action 1/22/2019 House • Filed
1/30/2019 House • Referred to Local, Federal and Veterans Affairs Subcommittee; Ways and Means Committee; State Affairs Committee -HJ 53
3/5/2019 House • Introduced -HJ 53
5/3/2019 House • Indefinitely postponed and withdrawn from consideration
• Died in Local, Federal and Veterans Affairs Subcommittee
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HB 413, Original Filed Version (Current Bill Version) Posted 1/22/2019 at 9:40 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 250 (c1) State Housing Tax Credits Flores Compare Last Action: 5/3/2019 S Died in Finance and Tax, companion bill(s) passed, see CS/CS/HB 7103 (Ch. 2019-165) Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 220.1855 Page 2 (pdf) 420.5096 Page 9 (pdf) 624.51056 Page 12 (pdf)