(at the request of Governor Tina Kotek for Housing and Community Services Department)
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Bill Title:
Relating to tax credits for affordable housing lending; prescribing an effective date.
Catchline/Summary:
Expands purposes, for corporate excise tax credit allowed for affordable housing lending, for which a qualified borrower may use savings from a reduced interest rate to include provision of resident services or supportive services. Digest: The Act makes changes to the tax credit for banks that lend to build housing. (Flesch Readability Score: 90.9).
Expands purposes, for corporate excise tax credit allowed for affordable housing lending, for which a qualified borrower may use savings from a reduced interest rate to include provision of resident services or supportive services.
Applies to tax years beginning on or after January 1, 2025.
Takes effect on the 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 3036 House Committee On Housing and Homelessness
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