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HB3236 • 2025

Expands purposes for the corporate excise tax credit allowed for affordable housing lending.

Expands purposes for the corporate excise tax credit allowed for affordable housing lending.

Housing Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Representative Nathanson, Representative Andersen,, Gamba,, Hudson,
Last action
2025-06-27
Official status
In House Committee
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-27 House

    In committee upon adjournment.

  2. 2025-05-28 House

    Recommendation: Do pass and be referred to Tax Expenditures.

  3. 2025-05-28 House

    Referred to Tax Expenditures by order of Speaker.

  4. 2025-05-27 House

    Work Session held.

  5. 2025-05-06 House

    Public Hearing held.

  6. 2025-04-03 House

    Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.

  7. 2025-04-03 House

    Referred to Revenue by prior reference.

  8. 2025-03-31 House

    Work Session held.

  9. 2025-03-24 House

    Public Hearing held.

  10. 2025-02-12 House

    Public Hearing held.

  11. 2025-01-17 House

    Referred to Housing and Homelessness with subsequent referral to Revenue.

  12. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

<b>Digest: The Act makes changes to the tax credit for banks that lend for housing. (Flesch Readability Score: 89.8).</b>
[<i>Digest: The Act makes changes to the tax credit for banks that lend for housing, to allow credit for loans for buyers. (Flesch Readability Score: 76.7).</i>]
Expands purposes for the corporate excise tax credit allowed for affordable housing lending. [<i>Establishes the Affordable Housing Lender Fund.</i>] Allows a tax credit for contributions to [<i>the</i>] <b>a qualified mortgage loan</b> fund with the purpose of assisting certain home buyers.<b> Allows credit for loans for preservation or rehabilitation of distressed properties without requiring typical rent reductions.</b>
Applies to loans made and tax years beginning on or after January 1, 2026.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to tax credits for lending for affordable housing; prescribing an effective date.
Current location: In House Committee