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CO HB1465
Bill
Status
6/6/2016
Primary Sponsor
Crisanta Duran
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AI Summary
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Extends the Colorado Housing and Finance Authority's allocation period for low-income housing tax credits from a two-year period (January 1, 2015 – December 31, 2016) to a five-year period (January 1, 2015 – December 31, 2019)
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Maintains the annual allocation cap of five million dollars for credits under subsection (1) and section 39-22-2105 combined during the extended five-year period
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Exempts qualified developments located in counties designated as having been impacted by a natural disaster from the annual aggregate credit limits in both subsection (2)(d) and subsection (7)(a)
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Includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety
Legislative Description
Modifications Low-income Housing Tax Credit
Last Action
Governor Signed
6/6/2016