HB 2119 - Repeals Affordable Housing Tax Credits in Kansas - Kansas Key Vote
Timeline
- House Bill Passed
- Feb. 20, 2025
- Introduced
- Jan. 28, 2025
Related Issues
Stage Details
Title: Repeals Affordable Housing Tax Credits in Kansas
Vote Smart's Synopsis:
Vote to pass a bill that repeals affordable housing tax credits in Kansas.
Highlights:
-
Repeals state affordable housing tax credits from the Kansas Housing Resource Corporation (KHRC) beginning July 1, 2025 (Sec. 1).
-
Prohibits KHRC from accepting any applications for the 4% low-income housing tax credit after August 15, 2025, and shall not approve any applications for the 4% low-income housing tax credit after November 14, 2025 (Sec. 1).
-
Prohibits KHRC from accepting any applications for the 9% low-income housing tax credit after May 23, 2025, and shall not approve any applications for the 4% low-income housing tax credit after August 8, 2025 (Sec. 1).
-
Specifies that the provisions of this bill shall take effect immediately upon its passage and approval by the Governor and publication in the state statute book (Sec. 3).
Title: Repeals Affordable Housing Tax Credits in Kansas