Landlord tax credit.
Sponsored By: Greg Taylor (Democratic)
Failed
Summary
Provides that a taxpayer is entitled to a credit against the taxpayer's state income tax liability in a taxable year equal to the lesser of: (1) $1,500 multiplied by the number of rental units that the taxpayer rents during a taxable year to individuals that were incarcerated at some time not more than three years prior to the taxable year; or (2) $7,500. Provides that to obtain the credit, the taxpayer must claim the credit in the manner prescribed by the department. Prohibits the taxpayer from claiming any carryover, carryback, or refund of any unused credit.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Greg Taylor
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
First reading: referred to Committee on Tax and Fiscal Policy
1/13/2025SenateAuthored by Senator Taylor G
1/13/2025Senate
Bill Text
Introduced Senate Bill (S)
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