2018 House Bill 5425

Give $5 million in tax breaks to some developers

Introduced in the House

Jan. 17, 2018

Introduced by Rep. Robert Kosowski (D-16)

To authorize giving up to $5 million in tax subsidies annually to developers who rehab or build new housing for veterans. The subsidy would come in the form of income tax credits equal to 10 percent of the project cost, which would not be refundable but could be “carried forward” and applied to future tax liability for up to 10 years.

Referred to the Committee on Military and Veterans Affairs