02/13/2024

House Bill 3

Lead Sponsors: Representative Gail Pavliga and Representative Lauren McNally

Status: 6th Hearing in House Economic and Workforce Development Committee (June 20, 2023)

Description: The bill authorizes the creation of a nonrefundable tax credit that piggybacks on the federal low-income housing tax credit (LIHTC) for affordable housing projects and requires the Department of Taxation to adopt a uniform tax valuation formula for federally subsidized residential rental property.

CCAO Position: No position (as of July 2024)

Other Notes: Portions of this bill were included in the state's main operating budget, House Bill 33, and have become effective.