HB1203
Landlords, participating; increases tax credit that may be issued.
Summary
As Passed House of Origin. Tax credit for participating landlords.
Increases from $250,000 to $500,000 the maximum amount of tax credits that may be issued to participating landlords, as defined in relevant law, each fiscal year beginning with fiscal year 2025 and provides that, in the event that the amount of the qualified requests for tax credits for such participating ... (More) landlords in the fiscal year exceeds $500,000, the Department of Housing and Community Development will prorate the tax credits among the qualified applicants. The bill also creates a pilot program that earmarks $100,000 for tax credits provided to a participating landlord renting a qualified housing unit in an eligible non-metropolitan census tract, as those terms are defined in the bill. (Less)-
Bill History
- 01/10/2024 - House: Prefiled and ordered printed; offered 01/10/24 24103177D
- 01/10/2024 - House: Referred to Committee on Finance
- 01/25/2024 - House: Assigned Finance sub: Subcommittee #1
- 01/28/2024 - House: Impact statement from TAX (HB1203)
- 01/29/2024 - House: House subcommittee amendments and substitutes offered
- 01/29/2024 - House: Subcommittee recommends reporting with substitute (5-Y 3-N)
- 01/29/2024 - House: Subcommittee recommends referring to Committee on Appropriations
- 01/31/2024 - House: Reported from Finance with substitute (13-Y 9-N)
- 01/31/2024 - House: Referred to Committee on Appropriations
- 01/31/2024 - House: Assigned App. sub: Commerce Agriculture & Natural Resources
- 01/31/2024 - House: Committee substitute printed 24106413D-H1
- 02/02/2024 - House: Subcommittee recommends reporting (8-Y 0-N)
- 02/05/2024 - House: Reported from Appropriations with substitute (21-Y 0-N)
- 02/05/2024 - House: Committee substitute printed 24107063D-H2
- 02/07/2024 - House: Read first time
- 02/08/2024 - House: Read second time
- 02/08/2024 - House: Committee from Finance substitute rejected 24106413D-H1
- 02/08/2024 - House: Committee on Appropriations substitute agreed to 24107063D-H2
- 02/08/2024 - House: Engrossed by House - committee substitute HB1203H2
- 02/09/2024 - House: Read third time and passed House (83-Y 13-N)
- 02/09/2024 - House: VOTE: Passage (83-Y 13-N)
- 02/12/2024 - Senate: Constitutional reading dispensed
- 02/12/2024 - Senate: Referred to Committee on Finance and Appropriations
- 02/12/2024 - House: Impact statement from TAX (HB1203H2)
- 02/27/2024 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/27/2024 - Senate: Reported from Finance and Appropriations (15-Y 0-N)
- 02/28/2024 - Senate: Read third time
- 02/28/2024 - Senate: Passed Senate (39-Y 0-N)
- 03/05/2024 - House: Enrolled
- 03/05/2024 - House: Bill text as passed House and Senate (HB1203ER)
- 03/05/2024 - House: Impact statement from TAX (HB1203ER)
- 03/11/2024 - House: Enrolled Bill communicated to Governor on March 11, 2024
- 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/02/2024 - Governor: Approved by Governor-Chapter 322 (effective 7/1/24)
- 04/02/2024 - Governor: Acts of Assembly Chapter text (CHAP0322)
