HB22-1051
Mod Affordable Housing Tax Credit
Concerning modification of the Colorado affordable housing tax credit, and, in connection therewith, extending the time during which the credit may be claimed and increasing the yearly amount of credits that can be allocated.
Session:
2022 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
The Colorado housing and finance authority (CHFA), under the Colorado affordable tax credit program, may allocate income tax credits in an annual aggregate amount of up to $10 million for the years beginning on January 1, 2020, and ending on December 31, 2024. The bill extends this period to December 31, 2034, and increases the annual aggregate cap for the years beginning on January 1, 2023, and ending on December 31, 2034, to $15 million 2031 .
(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)
(Note: This summary applies to this bill as introduced.)