Bill: SB 1658, 84(R) - 2015
Committee
Senate Intergovernmental Relations
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| No |
Neutral |
Neutral |
Neutral |
Negative |
Neutral |
Author(s)
Kirk Watson
Bill Caption
Relating to a study and report on the feasibility, methods, and costs of establishing a Texas low income housing tax credit program.
Fiscal Notes
Based on the analysis of TDHCA and the
CPA, duties and responsibilities associated with implementing the provisions of the bill could be
accomplished by utilizing existing resources.
Bill Analysis
SB 1658 seeks to create a study and report on the establishment of a franchise tax credit for the
development of low income housing. The bill would direct the Department of Housing and Community
Affairs (TDHCA), with assistance from the Texas Comptroller of Public Accounts (CPA) to
conduct a study regarding the establishment of a franchise tax credit for the development of low
income housing.
Vote Recommendation Notes
SB 1658 would create a study and report on the development of a franchise tax credit for the development of low income housing. The mere study in itself is not particularly problematic, however we would oppose future legislation to create the type of tax credit that would be the subject of the study.
The state of Texas should be working toward complete abolition of the franchise tax rather than creating new exemptions to it for favored groups or projects.
For these reasons we oppose SB 1658 on the principle of limited government.
