HB 949: RELATING TO THE LOW-INCOME HOUSING TAX CREDIT.
- Session Year: 2025-2026
- House: House
- Latest Version Date: 2025-02-11
Current Status:
In Progress
(2025-12-08: Carried over to 2026 Regular Session.)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Version:
Clarifies that a partner or member that is a partnership or limited liability company that has been allocated a low-income housing tax credit may either further allocate the credit or transfer, sell, or assign all or a portion of the credit to any person. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, from 12/31/2027 to 12/31/2032. Effective 7/1/3000. (HD2)
Discussed in Hearing
Feb 7, 2025
House Standing Committee on Economic Development & Technology
Jan 29, 2025