HB 3036
Expands purposes, for corporate excise tax credit allowed for affordable housing lending, for which a qualified borrower may use savings from a reduced interest rate to include provision of resident services or supportive services.
| Status | In House Committee (HHOUSH) |
| Requested by | (at the request of Governor Tina Kotek for Housing and Community Services Department) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Expands purposes for corporate excise tax credits for affordable housing lending to include resident and supportive services.
Overview#
Digest: The Act makes changes to the tax credit for banks that lend to build housing. (Flesch Readability Score: 90.9). Expands purposes, for corporate excise tax credit allowed for affordable housing lending, for which a qualified borrower may use savings from a reduced interest rate to include provision of resident services or supportive services. Applies to tax years beginning on or after January 1, 2025. Takes effect on the 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | H | First reading. Referred to Speaker's desk. |
| 2025-01-17 | H | Referred to Housing and Homelessness. |
| 2025-06-27 | H | In committee upon adjournment. |