The Oklahoma House of Representatives just voted 67-25 to pass HB2040 (Nichols-D) with the amendments as filed and the title still on. CLICK HERE to read the amendment to the amendment. This amendment will increase annual funding to $10 million per year through 12/31/2027 and then funding will revert to $4 million per year through 12/31/2033.
The language for Page 3 Line 21 that prevented refundability or transferability has been amended to read: …”Such taxpayer may assign its interest in the investment, but the tax credit authorized by the provisions of this section shall not be refundable.”
If you would like to see how your Representative voted on this issue, CLICK HERE. Take a moment to thank your legislator for their support, or if they did not support, engage in more dialogue on the importance of affordable housing across the state.
Thank you to all the members who took action this week!