SB 692 Changes the maximum authorization on low-income housing project tax credits from $6 million to $12 million
Sponsor: Nasheed
LR Number: 4095S.01I Fiscal Notes
Committee: Jobs, Economic Development and Local Government
Last Action: 1/11/2016 - Second Read and Referred S Jobs, Economic Development and Local Government Committee Journal Page: S97
Title: Calendar Position:
Effective Date: August 28, 2016

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Current Bill Summary

SB 692 - Currently, no more than $6 million in tax credits may be authorized each year for low-income housing projects through tax-exempt bond issuance. This act changes this $6 million maximum authorization to $12 million.