State LIHTC Legislation - 2012

2012

Ohio H.B. 510, the financial institutions tax to replace the corporation franchise tax and the dealers in intangibles tax
Enrolled December 11, 2012

New Jersey S.B. A3206, expands neighborhood revitalization State tax credit to include gross income taxpayers; increases annual total amount of tax credits allowable from $10,000,000 to $15,000,000.
Introduced June 21, 2012

The governor's veto

The Financial Impact Statement

Oklahoma H.B. 2978, an act relating to revenue and taxation; tax credits; criteria; restrictions; effective date; emergency
Engrossed April 24, 2012

Alabama H.B. 687, to provide for the Alabama state housing credit
Introduced April 12, 2012

Utah H.B. 75, property taxation of low-income housing
Enacted March 15, 2012

Indiana S.B. 344, to repeal the prohibition against using the value of federal income tax credits in determining the assessed value of LIHTC property
Engrossed February 24, 2012

Missouri S.B. 790, to repeal sections 135.352 and 253.550, RSMo, and to enact in lieu thereof two new sections relating to a moratorium on the redemption of certain tax credits, with an emergency clause
Introduced February 14, 2012

Iowa S.F. 2162, an act relating to the state housing credit allocation ceiling
Introduced February 9, 2012

Oklahoma H.B. 2977, an act relating to revenue and taxation; Task Force for the Study of State Tax Credits and Economic Incentives; report date; effective date; emergency
Introduced February 6, 2012

Oklahoma H.B. 2976, an act relating to revenue and taxation; tax credits; moratorium; reauthorization of tax credits; effective date; emergency
Introduced February 6, 2012

Final Report of the Task Force on Comprehensive Tax Reform (December 30, 2011)

Oklahoma S.B. 1631, to establish a state low-income housing tax credit program
Introduced January 19, 2012

Missouri S.B. 662, to require all tax credit programs to comply with the Tax Credit Accountability Act of 2004
Introduced January 17, 2012

California A.B. 1585, an act to amend Sections 34171, 34176, 34177, 34179, 34180, 34181, and 34183 of the Health and Safety Code, relating to redevelopment, and declaring the urgency thereof, to take effect immediately
Introduced February 2, 2012

California S.B. 654, an act to amend Sections 34171, 34176, 34177, and 34178 of the Health and Safety Code, relating to redevelopment, and declaring the urgency thereof, to take effect immediately
Amended January 11, 2012

Missouri H.B. 1101, to eliminate all state tax credit programs
Introduced January 4, 2012

Missouri S.B. 531, to modify the low-income housing and historic preservation tax credit programs
Introduced January 4, 2012

Missouri S.B. 472, to modify the provisions of certain tax credit programs
Introduced January 4, 2012

Missouri S.B. 436, to subject all state tax credits to appropriation
Introduced January 4, 2012

Missouri S.B. 548, to impose a sunset on tax credit programs not currently subject to a sunset provision
Introduced January 4, 2012

Missouri S.B. 561, to impose a sunset on tax credit programs not currently subject to a sunset provision and redirect any increase in revenue to decrease the personal income tax rate
Introduced January 4, 2012

Missouri S.B. 571, to require state tax credit recipients to file annual campaign finance reports
Introduced January 4, 2012