Loading chat...

CO HB1465

Bill

Status

Passed

6/6/2016

Primary Sponsor

Crisanta Duran

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • 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)

  • 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

  • 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)

  • 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

Committee Referrals

Finance5/6/2016
Transportation and Energy5/4/2016

Full Bill Text

No bill text available