SB 690 Establishes a tax credit for providing certain low-income veterans with housing
Sponsor: Nasheed
LR Number: 5044S.01I Fiscal Notes
Committee: Jobs, Economic Development and Local Government
Last Action: 3/2/2016 - Hearing Cancelled S Jobs, Economic Development and Local Government Committee Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2016

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Current Bill Summary

SB 690 - This act creates a low-income housing tax credit for certain veterans. Taxpayers may apply for a state tax credit where they provide housing with reduced rent for veterans and veteran's spouses who have low incomes.

The act limits the amount of such low-income housing tax credits to six million dollars per fiscal year. The act outlines the eligibility statement a taxpayer must file in order to qualify for the tax credit.