SB 87
Creates income tax credit for lost rental income of landlord, forgone due to prohibition on evictions and rent nonpayment actions during COVID-19 emergency period.
| Status | In Senate Committee (SHDEV) |
| Sponsors | Lynn Findley (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 landlords’ lost rental income due to COVID-19 eviction and rent nonpayment prohibition periods.
Sponsors#
Chief Sponsors: Lynn Findley
Overview#
Creates income tax credit for lost rental income of landlord, forgone due to prohibition on evictions and rent nonpayment actions during COVID-19 emergency period. Applies to tax years beginning on or after January 1, 2020, and before January 1, 2021. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | S | Introduction and first reading. Referred to President's desk. |
| 2021-01-19 | S | Referred to Housing and Development, then Tax Expenditures. |
| 2021-06-26 | S | In committee upon adjournment. |