HB 2289 - Reduces the Low Income Housing Tax Credit Amount to $0 by 2028 - Kansas Key Vote
Timeline
- Executive Signed
- April 11, 2025
- Senate Conference Report Adopted
- April 11, 2025
- House Conference Report Adopted
- April 11, 2025
- Senate Bill Passed
- March 19, 2025
- House Bill Passed
- Feb. 20, 2025
- Introduced
- Feb. 5, 2025
Related Issues
Stage Details
Title: Reduces the Low Income Housing Tax Credit Amount to $0 by 2028
Signed by Governor Laura Kelly
Title: Reduces the Low Income Housing Tax Credit Amount to $0 by 2028
Vote Smart's Synopsis:
Vote to adopt a conference report and pass a bill that reduces the low income housing tax credit amount to $0 by 2028 in Kansas.
Highlights:
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Prohibits Kansas affordable housing tax credits from exceeding the following amounts (Sec. 1):
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$25 million in 2025; and
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$8.8 million annually from 2026 through 2028.
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Specifies that credits shall be awarded to a qualified development receiving a 4% federal tax credit through November 15, 2025 (Sec. 1).
-
Specifies that credits shall be awarded to a qualified development receiving a 9% federal tax credit through 2028 (Sec. 1).
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Species that no credits shall be awarded on or after December 31, 2028 (Sec. 1).
Title: Reduces the Low Income Housing Tax Credit Amount to $0 by 2028
Vote Smart's Synopsis:
Vote to adopt a conference report and pass a bill that reduces the low income housing tax credit amount to $0 by 2028 in Kansas.
Highlights:
-
Prohibits Kansas affordable housing tax credits from exceeding the following amounts (Sec. 1):
-
$25 million in 2025; and
-
$8.8 million annually from 2026 through 2028.
-
Specifies that credits shall be awarded to a qualified development receiving a 4% federal tax credit through November 15, 2025 (Sec. 1).
-
Specifies that credits shall be awarded to a qualified development receiving a 9% federal tax credit through 2028 (Sec. 1).
-
Species that no credits shall be awarded on or after December 31, 2028 (Sec. 1).
Title: Reduces the Low Income Housing Tax Credit Amount to $0 by 2028
Title: Reduces the Low Income Housing Tax Credit Amount to $0 by 2028
Title: Reduces the Low Income Housing Tax Credit Amount to $0 by 2028