Comments: IN HB1616 | 2019 | Regular Session

Bill Title: Affordable housing tax benefits. Restores the property tax exemption for certain real property that is acquired for the purpose of erecting, renovating, or improving a single family residential structure that is to be given away or sold: (1) in a charitable manner; (2) by a nonprofit organization; and (3) to low income individuals who will use the land as a family residence. Expands the neighborhood assistance credit to provide the credit for contributions to certain nonprofit entities that develop affordable residential housing for sale to certain low income buyers (program II). Expands the neighborhood assistance credit to provide the credit

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced) 2019-01-31 - Representatives Heine and Klinker added as coauthors [HB1616 Detail]

Text: Latest bill text (Introduced) [PDF]

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