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SJR0027 authorizes the Tennessee Housing Development Agency to allocate tax credits created by the Tennessee Rural and Workforce Housing Act against various taxpayer liabilities, including premium tax, retaliatory tax, franchise tax, and excise tax. The bill affects taxpayers eligible for these credits and facilitates housing development in rural and workforce areas. It also establishes a funding allocation of $10 million per year for the next three calendar years for these tax credits.
SJR0027 authorizes the Tennessee Housing Development Agency to allocate tax credits created by the Tennessee Rural and Workforce Housing Act against various taxpayer liabilities, including premium tax, retaliatory tax, franchise tax, and excise tax. The bill affects taxpayers eligible for these credits and facilitates housing development in rural and workforce areas. It also establishes a funding allocation of $10 million per year for the next three calendar years for these tax credits.
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Johnson, Jack
114th General Assembly
January 15, 2025
April 20, 2026
Assigned to General Subcommittee of Senate Finance, Ways and Means Committee