FL H0413 | 2019 | Regular Session

Florida House Bill 413 (Prior Session Legislation)

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on May 3 2019 - 100% progression
Action: 2019-05-03 - Died in Local, Federal and Veterans Affairs Subcommittee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Title

State Workforce Housing Tax Credit Program

History

Date	Chamber	Action
2019-05-03	House	Died in Local, Federal and Veterans Affairs Subcommittee
2019-05-03	House	Indefinitely postponed and withdrawn from consideration
2019-03-05	House	Introduced
2019-01-30	House	Referred to Local, Federal and Veterans Affairs Subcommittee; Ways and Means Committee; State Affairs Committee
2019-01-22	House	Filed