HB 3386
Creates income tax credit for eligible costs of development of single-family owner-occupied housing that sells for price affordable to household with annual income at or below 80 percent of area median income.
| Status | In House Committee (HREV) |
| Sponsors | Raquel Moore-Green (Republican) (Chief), E. Werner Reschke (Republican) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Creates an income tax credit for eligible costs of developing single-family owner-occupied housing affordable to households earning at or below 80 percent of area median income.
Overview#
Creates income tax credit for eligible costs of development of single-family owner-occupied housing that sells for price affordable to household with annual income at or below 80 percent of area median income. Applies to tax years beginning on or after January 1, 2022, and before January 1, 2028. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-03-22 | H | First reading. Referred to Speaker's desk. |
| 2021-03-29 | H | Referred to Revenue. |
| 2021-06-26 | H | In committee upon adjournment. |