Creating a homeownership development tax credit available for charitable contributions to certain low-income housing developers in this state, and including applicability provisions

Where it is now

1. ✓
   Done: IntroducedJanuary 23, 2019
2. ✓
   Done: SubcommitteeJanuary 23, 2019
3. ✕
   Stopped: Senate committeeDied when the General Assembly ended
4. Next: Passes the Senate
5. Next: House committee
6. Next: Passes the House
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?

Senate subcommittee

Named January 23, 2019. It hasn’t reported yet.

• Sen. R. Smith
• Sen. Joe Bolkcom D
• Sen. Jeff Edler R

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Fiscal note

More revenue: up to $240,000 Compare with other bills

3 million in FY 2022 and future fiscal years. 2 million in future fiscal years. The Department of Revenue reports that the projected one-time staff and programming expenses associated with implementing the new tax credit will equal an estimated $240,000. Source Department of Revenue /s/ Holly M. Lyons February 20, 2019 The fiscal note for this Bill was prepared pursuant to Joint Rule 17 and the Iowa Code.

• Homeownership Development Tax Credit · February 20, 2019

Reading a fiscal note¹

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