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Managers back transferability, extension of state LIHTC through 2032 in HP 1920
Summary
Conference managers recommended passage of HP 1920 HD1 SD2 to allow transferability of state low‑income housing tax credits and extend the state credit to 2032; managers recorded a vote in favor and said required releases were in place.
Managers presented HP 1920 HD1 SD2, a conference committee draft concerning the state low‑income housing tax credit (LIHTC).
According to managers, the SD2 language allows for the transferability of state LIHTC credits and extends the state credit program through 2032. Managers reported they had both FIN and WAM releases and recommended passage with amendments. The conference committee managers recorded a managers’ vote in favor; the session transcript records multiple “aye” votes from House and Senate managers and an announcement that the bill had passed managers’ consideration.
Next steps: Managers approved the draft and noted required committee releases had been secured; additional procedural steps in each chamber may follow per standard legislative process.
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