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HCS/SS/SCS/SB 28 - This act places an aggregate cap on the amount of state low-income housing tax credits that may be authorized in a fiscal year. Such cap shall be the lesser of 72.5% of the amount of federal low-income housing tax credits allocated to the state or $123 million. This act also reduces the limit on tax credits authorized for projects financed through tax-exempt bonds from $6 million to $4 million. To the extent that such limit is not reached in a fiscal year, the amount not authorized may, for such fiscal year only, be added to the amount of tax credits that may be authorized for projects not financed through tax-exempt bond issuance. The Missouri Housing Development Commission shall establish an evaluation rubric and score applicants for low-income housing tax credits against the rubric. The Commission may authorize a preference for minority groups or women as part of a point system or rubric. The Commission shall publish such rubric before it accepts applications and shall publish the scored rubric for each application. This act is substantially similar to HCS/HB 665 (2019), and is similar to SB 269 (2019), SCS/SB 591 (2018), and HB 1237 (2018), and to a provision contained in HB 1824 (2018) and SCS/SBs 285 & 17 (2017). JOSHUA NORBERG HA 1 - THIS AMENDMENT MODIFIES PROVISIONS OF THE ACT RELATING TO THE SALE OR TRANSFER OF LOW-INCOME HOUSING TAX CREDITS.
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