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2013 SESSION
SB 932 Landlords; reduces amount of income tax credits that may be issued each fiscal year by DHCD.
Introduced by: Jill Holtzman Vogel | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Income tax credit; landlords participating in housing choice voucher program. Reduces from $450,000 to $250,000 the amount of income tax credits that may be issued each fiscal year by the Department of Housing and Community Development to landlords participating in housing choice voucher programs. The bill is identical to HB 2059.
SUMMARY AS PASSED SENATE:
Income tax credit; landlords participating in housing choice voucher program. Reduces from $450,000 to $250,000 the amount of income tax credits that may be issued each fiscal year by the Department of Housing and Community Development to landlords participating in housing choice voucher programs.
SUMMARY AS INTRODUCED:
Tax credit for participating landlords; eligible housing area. Allows participating landlords in any census tract in the Commonwealth in which less than 10 percent of the residents live below the poverty level to be eligible for a tax credit for renting a dwelling to a tenant participating in a housing choice voucher program. Currently, the program is confined to the Richmond Metropolitan Statistical area.