Relating to the workforce housing tax incentives program

Where it is now

1. ✓
   Done: IntroducedMarch 5, 2020
2. ✕
   Stopped: SubcommitteeDied when the General Assembly ended
3. Next: House committee
4. Next: Passes the House
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill is related to the workforce housing tax incentives program. Current law requires the economic development authority (authority) to allocate no more than $25 million to the workforce housing tax incentives program (program) in a single fiscal year, with $10 million of that allocation reserved for qualified housing projects (projects) in small cities. The bill directs the authority to annually allocate $30 million to the program. In addition, the bill requires the authority to reserve percent of the allocation to projects in small cities until the date on which there are no projects located in small cities remaining on any wait list the authority maintains for the program.

Full bill text¹