HB4045 - Relating to the allocation of low income housing tax credits.

  89R4120 JG-F     By: Bell of Montgomery H.B. No. 4045       A BILL TO BE ENTITLED   AN ACT   relating to the allocation of low income housing tax credits.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 2306.6710(g), Government Code, is   amended to read as follows:          (g)  If no written statement is received for an application   under Subsection (b)(1)(J) or the written statement does not   express support for or against the application , the department   shall use the maximum number of points that could have been awarded   under that paragraph to increase the maximum number of points that   may be awarded for that application under Subsection (b)(1)(B).  If   awarding points under Subsection (b)(1)(B)(iii), the department   shall reallocate the points from the scoring category provided by   Subsection (b)(1)(J) equally between the political subdivisions   described by Subsection (b)(1)(B)(iii).  In awarding points   transferred under this subsection from the scoring category   provided by Subsection (b)(1)(J) to the scoring category provided   by Subsection (b)(1)(B), the department shall award:                (1)  positive points for positive resolutions adopted;                (2)  negative points for negative resolutions adopted;   and                (3)  zero points for neutral resolutions adopted.          SECTION 2.  The change in law made by this Act applies only   to an application for low income housing tax credits that is   submitted to the Texas Department of Housing and Community Affairs   during an application cycle that is based on the 2026 qualified   allocation plan or a subsequent plan adopted by the governing board   of the department. An application that is submitted during an   application cycle that is based on an earlier qualified allocation   plan is governed by the law in effect on the date the application   cycle began, and the former law is continued in effect for that   purpose.          SECTION 3.  This Act takes effect September 1, 2025.