Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Kansas committee narrows, then preserves parts of Affordable Housing Tax Credit program; bill advanced
Summary
The House Committee on Commerce, Labor and Economic Development advanced House Bill 2,119 as amended after members rejected a proposed cut to the program but approved language preserving existing credit awards and capping future allocations.
The House Committee on Commerce, Labor and Economic Development on Friday advanced House Bill 2,119, which would discontinue the Kansas Affordable Housing Tax Credit Act going forward but preserves existing awarded credits and imposes limits on newly authorized credits.
The measure initially drew a motion from Representative Clayton to replace the bill with compromise language that would cut the program in half and cap credits at about $12,500,000 a year — roughly $8,500,000 for 9% credits and a $4,000,000 cap on 4% credits. Representative Hsu seconded Clayton’s amendment, but the committee rejected it.
The committee then approved an amendment, offered by the chair, that protects deals already issued or…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
