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
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5/3/2019 House • Indefinitely postponed and withdrawn from consideration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
HB 413, Original Filed Version (Current Bill Version) Posted 1/22/2019 at 9:40 AM
Bill Text: 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)
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.