LEGISLATIVE ALERT

HB2413 a bill to reduce the state affordable housing tax credit from $4M per year to $2M per year has passed the Joint Committee on Appropriations & Budget this afternoon.

This bill reduces the credit amount per year effective July 1, 2017 and sunsets the credit so developments must be placed in service by December 31, 2020.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s