HB 2374
Allows credit against net income taxes for portion of eligible costs of newly constructed single-family dwelling that sells for price affordable to household with annual income at or below 120 percent of area median income.
| Status | In House Committee (HREV) |
| Session | 2019 Regular Session |
| Sponsors | David Brock Smith (Republican) (Chief), Arnie Roblan (Democrat) (Chief), Dallas Heard (Republican) (Chief), Gary Leif (Republican), Ron Noble (Republican), Carl Wilson (Republican), Betsy Johnson (Democrat) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Allows tax credits for a portion of eligible costs of newly constructed single-family dwellings affordable to households earning at or below 120 percent of area median income.
Sponsors#
Chief Sponsors: David Brock Smith, Arnie Roblan, Dallas Heard
Co-Sponsors: Gary Leif, Ron Noble, Carl Wilson, Betsy Johnson
Overview#
Allows credit against net income taxes for portion of eligible costs of newly constructed single-family dwelling that sells for price affordable to household with annual income at or below 120 percent of area median income. Sunsets on January 2, 2029. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-14 | H | First reading. Referred to Speaker's desk. |
| 2019-01-15 | H | Referred to Revenue. |
| 2019-03-07 | H | Public Hearing held. |
| 2019-06-30 | H | In committee upon adjournment. |