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Committee hears LB 182 to expand transferability of state affordable‑housing credits and add insurers to childcare credit eligibility
Summary
Sen. Eliot Bostar told the Revenue Committee LB 182 would allow developers to certificate or sell Nebraska Affordable Housing Tax Credits, broaden investors and increase funds for housing, and would add insurance companies and financial institutions to the nonrefundable childcare contribution tax credit.
Senator Eliot Bostar introduced LB 182 to the Revenue Committee as a pair of changes intended to increase private investment in affordable housing and expand access to the childcare contribution tax credit. "This legislation expands eligible recipients to include nonprofit corporations and make the use of the credits easier by allowing a transfer, sale or assignment of the credit through certification," Bostar said in his opening.
The bill would give developers the option to issue certificated state affordable‑housing tax credits (AHTC) that can be sold to investors who need not hold an ownership interest in the development. Supporters told the committee that allowing certificated credits typically increases the market price investors pay for credits and thus brings…
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