IN HB1234 | 2019 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-28 - Representative Macer added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2019 - 25% progression, died in committee
Action: 2019-01-28 - Representative Macer added as coauthor
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Housing tax credits. Provides an affordable and workforce housing state tax credit against state tax liability to a taxpayer for each taxable year in the state tax credit period of a qualified project in an aggregate amount that does not exceed the product of a percentage between 40% and 100% and the amount of the taxpayer's aggregate federal tax credit for the qualified project. Provides that an eligible applicant must apply to the Indiana housing and community development authority for an award of affordable and workforce housing state tax credits. Provides that a holder of an affordable and workforce housing state tax credit may transfer, sell, or assign all or part of the holder's right to claim the state tax credit for a taxable year.
Title
Housing tax credits. Provides an affordable and workforce housing state tax credit against state tax liability to a taxpayer for each taxable year in the state tax credit period of a qualified project in an aggregate amount that does not exceed the product of a percentage between 40% and 100% and the amount of the taxpayer's aggregate federal tax credit for the qualified project. Provides that an eligible applicant must apply to the Indiana housing and community development authority for an award of affordable and workforce housing state tax credits. Provides that a holder of an affordable and workforce housing state tax credit may transfer, sell, or assign all or part of the holder's right to claim the state tax credit for a taxable year.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-28 | House | Representative Macer added as coauthor |
| 2019-01-10 | House | First reading: referred to Committee on Ways and Means |
| 2019-01-10 | House | Authored by Representative Pressel |
Indiana State Sources
| Type | Source |
|---|---|
| Summary | https://iga.in.gov/legislative/2019/bills/house/1234/details |
| Text | http://iga.in.gov/static-documents/d/2/c/a/d2cacd38/HB1234.01.INTR.pdf |
