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TN SJR0027
Joint Resolution
Status
1/15/2025
Primary Sponsor
Jack Johnson
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AI Summary
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Directs the Tennessee Housing Development Agency to allocate Tennessee rural and workforce housing tax credits pursuant to Public Chapter 971 of 2024
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Authorizes $10,000,000 per year for ten years starting in calendar year 2026
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Authorizes an additional $10,000,000 per year for ten years starting in calendar year 2027
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Authorizes an additional $10,000,000 per year for ten years starting in calendar year 2028
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At least 50% of credits must go to qualified projects in eligible rural areas, with no more than 50% allocated to projects outside rural areas
Legislative Description
A RESOLUTION authorizing low-income housing tax credits.
Taxes, Exemption and Credits
Last Action
Assigned to General Subcommittee of Senate Finance, Ways & Means Committee
3/11/2025