LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 85TH LEGISLATIVE REGULAR SESSION March 28, 2017 TO: Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB990 by Watson (Relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside.), As Introduced No significant fiscal implication to the State is anticipated. The bill would amend the Government Code relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside. The bill would eliminate certain requirements for an application for a housing tax credit allocation.Based on the analysis of the Texas Department of Housing and Community Affairs, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.The bill would take effect September 1, 2017. Local Government Impact No 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
March 28, 2017
TO: Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations FROM: Ursula Parks, Director, Legislative Budget Board IN RE:SB990 by Watson (Relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside.), As Introduced
TO: Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
FROM: Ursula Parks, Director, Legislative Budget Board
IN RE: SB990 by Watson (Relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside.), As Introduced
Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
Honorable Eddie Lucio, Jr., Chair, Senate Committee on Intergovernmental Relations
Ursula Parks, Director, Legislative Budget Board
Ursula Parks, Director, Legislative Budget Board
SB990 by Watson (Relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside.), As Introduced
SB990 by Watson (Relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside.), 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 requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside. The bill would eliminate certain requirements for an application for a housing tax credit allocation.Based on the analysis of the Texas Department of Housing and Community Affairs, duties and responsibilities associated with implementing the provisions of the bill could be accomplished by utilizing existing resources.The bill would take effect September 1, 2017.
Local Government Impact
No 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