LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION April 3, 2017 TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2947 by Moody (Relating to the eligibility of certain at-risk developments to receive low income housing tax credits.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code relating to the eligibility of certain at-risk developments to receive low income housing tax credits. The bill would add additional criteria to the term "at-risk development" and provide that certain at-risk developments do not lose eligibility for credits if certain conditions are met. The Texas Department of Housing and Community Affairs anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.The bill would take effect immediately if it receives two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017. Local Government Impact No significant fiscal implication to units of local government is anticipated. Source Agencies:332 Department of Housing and Community Affairs LBB Staff: UP, JGA, EH, EK
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION
April 3, 2017
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs FROM: Ursula Parks, Director, Legislative Budget Board IN RE:HB2947 by Moody (Relating to the eligibility of certain at-risk developments to receive low income housing tax credits.), As Introduced
TO: Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: HB2947 by Moody (Relating to the eligibility of certain at-risk developments to receive low income housing tax credits.), As Introduced
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Honorable Carol Alvarado, Chair, House Committee on Urban Affairs
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
HB2947 by Moody (Relating to the eligibility of certain at-risk developments to receive low income housing tax credits.), As Introduced
HB2947 by Moody (Relating to the eligibility of certain at-risk developments to receive low income housing tax credits.), As Introduced
No significant fiscal implication to the State is anticipated.
No significant fiscal implication to the State is anticipated.
The bill would amend the Government Code relating to the eligibility of certain at-risk developments to receive low income housing tax credits. The bill would add additional criteria to the term "at-risk development" and provide that certain at-risk developments do not lose eligibility for credits if certain conditions are met. The Texas Department of Housing and Community Affairs anticipates any additional work resulting from the passage of the bill could be reasonably absorbed within current resources.The bill would take effect immediately if it receives two-thirds vote in each house; otherwise, the bill would take effect September 1, 2017.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: 332 Department of Housing and Community Affairs
332 Department of Housing and Community Affairs
LBB Staff: UP, JGA, EH, EK
UP, JGA, EH, EK