HB 2187 Summary

• Establishes a non-refundable income tax credit for residential landlords who rent units to tenants with pets for a minimum of six-month lease periods.

• Credit amount is left blank in the bill text and would be determined during legislative proceedings.

• Applies to taxable years beginning after December 31, 2023.

• Director of Taxation must prepare necessary forms, may require taxpayers to provide information to verify credit claims, and may adopt rules under chapter 91 to implement the credit.

• Unused credits may be carried forward to subsequent tax years until exhausted; all claims must be filed within 12 months following the close of the taxable year or the right to claim is waived.