SB 692 - Nasheed, Jamilah
Changes the maximum authorization on low-income housing project tax credits from $6 million to $12 million
Bill Details
Sponsor
LR Number
4095S.01I
Title
SB 692
House Handler
N/A
Journal Page
Effective Date
August 28, 2016
Current Status
Second Read and Referred S Jobs, Economic Development and Local Government Committee
Quick Links
Amendments
No amendments available
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.
DOMENIC SITA