HB 916: LOW-INCOME HOUSING TAX CREDIT; AFFORDABLE HOUSING; TRANSIENT ACCOMMODATIONS TAX

Session Year: 2025-2026
House: House
Latest Version Date: 2026-03-27

Current Status:

In Progress

(2026-03-30: Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Allows tax credits claimed under the State Low-Income Housing Tax Credit Program to be used to offset taxes imposed by the state transient accommodations tax law. Specifies that tax credit amounts applied to state transient accommodations taxes be limited to state transient accommodations taxes imposed in the same county in which the qualified low-income building is located. Makes permanent Act 129, SLH 2016. Applies to taxable years beginning after 12/31/2027. Effective 7/1/3000. (SD1)

Discussed in Hearing