SB 2675: LOW-INCOME HOUSING TAX CREDIT; EXTENSION; PARTNERS; LIMITED LIABILITY COMPANIES

Session Year: 2025-2026
House: Senate
Latest Version Date: 2026-02-18

Current Status:

In Progress

(2026-02-19: 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:

Clarifies that a partner or member of a partnership or limited liability company that has been allocated a low-income housing tax credit issued after July 1, 2026, may either further allocate the credit or transfer, sell, or assign all or a portion of the credit to any taxpayer. Extends the sunset date of Act 129, SLH 2016, relating to the low-income housing tax credit, until 12/31/2032. Effective 7/1/2050. (SD1)

Discussed in Hearing