Bill Text: IA HF2610 | 2019-2020 | 88th General Assembly | Introduced
Bill Title: A bill for an act relating to the workforce housing tax incentives program.
Spectrum: Partisan Bill (Democrat 34-0)
Status: (Introduced - Dead) 2020-03-05 - Introduced, referred to Ways and Means. H.J. 491. [HF2610 Detail]
Download: Iowa-2019-HF2610-Introduced.html
House
File
2610
-
Introduced
HOUSE
FILE
2610
BY
PRICHARD
,
McCONKEY
,
HUNTER
,
MASCHER
,
OLDSON
,
STECKMAN
,
THEDE
,
B.
MEYER
,
COHOON
,
GASKILL
,
WOLFE
,
DONAHUE
,
WINCKLER
,
STAED
,
JAMES
,
JUDGE
,
KURTZ
,
WILBURN
,
BEARINGER
,
FORBES
,
BENNETT
,
RUNNING-MARQUARDT
,
BRECKENRIDGE
,
HALL
,
WILLIAMS
,
KACENA
,
NIELSEN
,
ABDUL-SAMAD
,
KRESSIG
,
BROWN-POWERS
,
OLSON
,
SUNDE
,
WESSEL-KROESCHELL
,
and
MATSON
A
BILL
FOR
An
Act
relating
to
the
workforce
housing
tax
incentives
1
program.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
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2610
Section
1.
Section
15.119,
subsection
2,
paragraph
g,
Code
1
2020,
is
amended
to
read
as
follows:
2
g.
The
workforce
housing
tax
incentives
program
administered
3
pursuant
to
sections
15.351
through
15.356
.
In
allocating
4
tax
credits
pursuant
to
this
subsection
,
the
authority
shall
5
not
allocate
more
than
twenty-five
thirty
million
dollars
for
6
purposes
of
this
paragraph.
Of
the
moneys
allocated
under
this
7
paragraph,
ten
million
dollars
shall
be
reserved
for
allocation
8
to
qualified
housing
projects
in
small
cities,
as
defined
in
9
section
15.352
,
that
are
registered
on
or
after
July
1,
2017.
10
Sec.
2.
Section
15.353,
subsection
1,
Code
2020,
is
amended
11
by
adding
the
following
new
paragraph:
12
NEW
PARAGRAPH
.
d.
A
single-family
dwelling
unit
built
13
before
1990.
14
Sec.
3.
Section
15.353,
subsection
2,
Code
2020,
is
amended
15
by
adding
the
following
new
paragraph:
16
NEW
PARAGRAPH
.
g.
The
rehabilitation,
repair,
or
17
improvements
to
accessibility
of
a
single-family
dwelling
unit
18
built
before
1990.
19
Sec.
4.
WORKFORCE
HOUSING
TAX
INCENTIVES
PROGRAM
——
SMALL
20
CITY
WAIT
LIST.
Notwithstanding
section
15.119,
subsection
2,
21
paragraph
“g”,
and
section
15.354,
subsection
4,
paragraphs
22
“a”,
“c”,
and
“f”,
of
the
moneys
allocated
pursuant
to
section
23
15.119,
subsection
2,
paragraph
“g”,
the
economic
development
24
authority
shall
reserve
twenty
percent
of
the
moneys
for
25
allocation
to
qualified
housing
projects
in
small
cities,
as
26
“small
city”
is
defined
in
section
15.352,
until
the
date
27
on
which
there
are
no
housing
projects
located
in
a
small
28
city
remaining
on
any
wait
list
maintained
by
the
economic
29
development
authority
for
the
workforce
housing
tax
incentives
30
program.
31
EXPLANATION
32
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
33
the
explanation’s
substance
by
the
members
of
the
general
assembly.
34
This
bill
is
related
to
the
workforce
housing
tax
incentives
35
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program.
1
Current
law
requires
the
economic
development
authority
2
(authority)
to
allocate
no
more
than
$25
million
to
the
3
workforce
housing
tax
incentives
program
(program)
in
a
single
4
fiscal
year,
with
$10
million
of
that
allocation
reserved
for
5
qualified
housing
projects
(projects)
in
small
cities.
The
6
bill
directs
the
authority
to
annually
allocate
$30
million
7
to
the
program.
In
addition,
the
bill
requires
the
authority
8
to
reserve
20
percent
of
the
allocation
to
projects
in
small
9
cities
until
the
date
on
which
there
are
no
projects
located
in
10
small
cities
remaining
on
any
wait
list
the
authority
maintains
11
for
the
program.
“Small
city”
is
defined
in
the
bill
as
any
12
city
or
township
located
in
this
state,
except
those
located
13
wholly
within
1
or
more
of
the
11
most
populous
counties
in
the
14
state,
as
determined
by
the
most
recent
population
estimates
15
issued
by
the
United
States
bureau
of
census.
16
The
bill
expands
eligible
housing
projects
to
include
the
17
rehabilitation,
repair,
or
improvements
to
accessibility
of
18
single-family
dwelling
units
built
before
1990.
19
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