Bill Text: TX HB1839 | 2019-2020 | 86th Legislature | Comm Sub


Bill Title: Relating to the allocation of housing tax credits to developments within proximate geographical areas.

Spectrum: Partisan Bill (Democrat 8-0)

Status: (Introduced) 2019-05-08 - Laid on the table subject to call [HB1839 Detail]

Download: Texas-2019-HB1839-Comm_Sub.html
  86R7489 JG-F
 
  By: Thompson of Harris, Rodriguez, Allen, H.B. No. 1839
      Morales, Farrar, et al.
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the allocation of housing tax credits to developments
  within proximate geographical areas.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 2306.6711(f), Government Code, is
  amended to read as follows:
         (f)  The board may allocate housing tax credits to more than
  one development in a single community, as defined by department
  rule, in the same calendar year only if the developments are or will
  be located more than two linear miles apart or the governing body of
  the municipality containing the development or, if located outside
  a municipality, the county containing the development has by vote
  specifically authorized the allocation of housing tax credits for
  the development. This subsection applies only to communities
  contained within counties with populations exceeding one million.
         SECTION 2.  The changes in law made by this Act apply only to
  an application for low income housing tax credits that is submitted
  to the Texas Department of Housing and Community Affairs during an
  application cycle that is based on the 2020 qualified allocation
  plan or a subsequent plan adopted by the governing board of the
  department. An application that is submitted during an application
  cycle that is based on an earlier qualified allocation plan is
  governed by the law in effect on the date the application cycle
  began, and the former law is continued in effect for that purpose.
         SECTION 3.  This Act takes effect September 1, 2019.
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