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TN HB1327
Bill
Status
2/6/2025
Primary Sponsor
William Lamberth
Click for details
AI Summary
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Amends the Tennessee Rural and Workforce Housing Tax Credit program established by Public Chapter 971 of 2024, which authorizes the Tennessee Housing Development Agency to allocate tax credits for low-income housing projects
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Deletes subsection (f) from Tennessee Code Annotated, Section 13-23-134
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Removes the requirement that at least 50% of authorized rural and workforce housing tax credits must be allocated to projects in eligible rural areas, and that no more than 50% may go to projects outside rural areas
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Takes effect July 1, 2025
Legislative Description
AN ACT to amend Tennessee Code Annotated, Section 13-23-134 and Chapter 971 of the Public Acts of 2024, relative to tax credits.
Tennessee Housing Development Agency
Last Action
Taken off notice for cal. in State & Local Government Committee
3/19/2025