Alabama HB 357: Relating to the state income tax; to establish the Alabama Workforce Housing Tax Credit Act; to create the Alabama Workforce Housing Tax Credit for qualified workforce housing projects; to define certain terms; to provide for minimum and maximum annual award amounts for qualified projects; to allow the tax credits to be claimed for 10 years against the income tax liability of a qualified taxpayer; to allow carryforward for earned but unused tax credits; to require a minimum of the annual award cycle cap be awarded for qualified projects located in areas designated as rural by the authority; and to require the Alabama Housing Finance Authority to implement and administer the provisions of this act.

Status: Read First Time in House of Origin (as of 2023-04-20)

State: Alabama · Session: 2023rs · Bill: HB 357

Subjects: Establishes the Alabama Workforce Housing Tax Credit Act

Sponsors: Cynthia Almond

View Alabama HB 357 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.