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2017 Regular Session
Overview
At the request of:
Chief Sponsors: Representative Lininger
Regular Sponsors: Representative Gorsek, Keny-Guyer, McLain, Noble, Nosse, Olson, Rayfield, Sanchez
Bill Title: Relating to a tax credit for affordable housing lenders; prescribing an effective date.
Catchline/Summary: For purpose of tax credit for affordable housing lenders, requires Housing and Community Services Department to make annual determination of remaining balance of reserved but not certified tax credits.
For purpose of tax credit for affordable housing lenders, requires Housing and Community Services Department to make annual determination of remaining balance of reserved but not certified tax credits. Directs Department of Revenue, in cooperation with Housing and Community Services Department, to conduct annual auction of reserved credits. Directs auction proceeds to be used for provision of housing for persons and families of lower income, with priority given to manufactured dwelling parks and manufactured dwellings. Increases total amount of tax credits allowed for all taxpayers per fiscal year. Applies to tax years beginning on or after January 1, 2018. Extends sunset for tax credit. Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact: Fiscal Impact Issued
Revenue Impact: Revenue Impact Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: In House Committee
Current Committee: Joint Committee On Tax Credits
Current Subcommittee:
Subsequent Referral(s):
Measure History
Scheduled Events