2017 Regular Session
|At the request of:|
|Bill Title:||Relating to income tax incentives for housing costs; prescribing an effective date.|
Creates refundable personal income tax credit for mortgage interest payments made for taxpayer's principal residence.
Phases out allowed amount of credit based on amount of federal adjusted gross income. Disallows, for purposes of personal income taxation, mortgage interest deduction for residence. Applies to tax years beginning on or after January 1, 2018, and before January 1, 2024. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|