HB 413 (2019) -  State Workforce Housing Tax Credit Program

General Bill by Aloupis (CO-SPONSORS) Raschein
State Workforce Housing Tax Credit Program: Provides credit against corporate income tax for certain taxpayers owning interests in eligible workforce housing developments; requires FHFC to make agency awards of credit; specifies requirements for claiming & awarding awards; limits amount of awards; provides for allocation of annual credit amounts; requires certification of such amounts; authorizes recipients of credit to carry forward portion of credit; requires corporation to establish procedures to monitor compliance; provides for credit recapture; creates Workforce Housing Tax Credit Program; requires FHFC to administer program & determine which workforce housing developments are eligible for certain tax credits; specifies requirements for administration of program; requires DOR to apply credits to tax liability; requires state workforce housing tax credits to be allowed against insurance premium tax & retaliatory tax after applying certain deductions & credits.
Effective Date: July 1, 2019
Last Event: Died in Local, Federal & Veterans Affairs Subcommittee on Friday, May 3, 2019 11:59 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 250 Subject: State Housing Tax Credits Relationship: Compare

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Local, Federal & Veterans Affairs Subcommittee Time: 05/03/2019 - 11:59 PM Member: Committee: Local, Federal & Veterans Affairs Subcommittee Version: __
Event: H Indefinitely postponed and withdrawn from consideration Time: 05/03/2019 - 11:59 PM Member: Committee: Version: __
Event: H 1st Reading Time: 03/05/2019 - 11:28 PM Member: Committee: Version: __
Event: H Now in Local, Federal & Veterans Affairs Subcommittee Time: 01/30/2019 - 12:14 PM Member: Committee: Local, Federal & Veterans Affairs Subcommittee Version: __
Event: H Referred to State Affairs Committee Time: 01/30/2019 - 12:14 PM Member: Committee: State Affairs Committee Version: __
Event: H Referred to Ways & Means Committee Time: 01/30/2019 - 12:14 PM Member: Committee: Ways & Means Committee Version: __
Event: H Referred to Local, Federal & Veterans Affairs Subcommittee Time: 01/30/2019 - 12:14 PM Member: Committee: Local, Federal & Veterans Affairs Subcommittee Version: __
Event: H Filed Time: 01/22/2019 - 9:40 AM Member: Aloupis Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
220.1855 CS/SB 250*
420.5096 CS/SB 250*
624.51056 CS/SB 250

(*) Not the latest version