SB 690
Establishes a tax credit for providing certain low-income veterans with housing
Sponsor:
LR Number:
5044S.01I
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

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.

DOMENIC SITA

Amendments