SB 435
Establishes subtraction from personal taxable income for eligible rental payments made by eligible renters.
| Status | In Senate Committee (SHDEV) |
| Sponsors | Cedric Hayden (Republican) (Chief), David Brock Smith (Republican), Suzanne Weber (Republican) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Establishes a personal income tax subtraction for eligible rental payments made by eligible renters from 2024-2030.
Sponsors#
Chief Sponsors: Cedric Hayden
Co-Sponsors: David Brock Smith, Suzanne Weber
Overview#
Establishes subtraction from personal taxable income for eligible rental payments made by eligible renters. Applies to tax years beginning on or after January 1, 2024, and before January 1, 2030. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-09 | S | Introduction and first reading. Referred to President's desk. |
| 2023-01-15 | S | Referred to Housing and Development, then Tax Expenditures. |
| 2023-04-18 | S | Motion to withdraw from committee on Housing and Development failed. |
| 2023-04-18 | S | Vote explanation(s) filed by Campos, Sollman. |
| 2023-06-25 | S | In committee upon adjournment. |