IN SB0262 | 2022 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2022 - 25% progression
Action: 2022-01-18 - Committee report: do pass, adopted
Hearing: Jan 18 @ 9:30 am in Room 431
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 an affordable and workforce housing state tax credit. 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.

Tracking Information

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Title

Housing tax credits.

Sponsors


Roll Calls

2022-01-18 - Senate - Senate - Committee Vote (Y: 11 N: 1 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2022-01-18SenateCommittee report: do pass, adopted
2022-01-10SenateFirst reading: referred to Committee on Tax and Fiscal Policy
2022-01-10SenateAuthored by Senator Holdman

Indiana State Sources


Bill Comments

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