HB 2563
Creates income or corporate excise tax credit for investment in affordable housing, available to taxpayer eligible for federal low-income housing credit, and allocated by Housing and Community Services Department.
| Status | In House Committee (HHOUSH) |
| Sponsors | 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 or corporate excise tax credit for investments in affordable housing eligible for federal low-income housing credit.
Sponsors#
Chief Sponsors: E. Werner Reschke
Overview#
Creates income or corporate excise tax credit for investment in affordable housing, available to taxpayer eligible for federal low-income housing credit, and allocated by Housing and Community Services Department. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2039. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-09 | H | First reading. Referred to Speaker's desk. |
| 2023-01-16 | H | Referred to Housing and Homelessness with subsequent referral to Tax Expenditures. |
| 2023-06-25 | H | In committee upon adjournment. |