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: Moderate Partisan Bill (Democrat 7-1)
Status: (Introduced - Dead) 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. |
|
||
|
||
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. |