Bill

SB 1992

85(R) - 2017
Senate Intergovernmental Relations
Read Bill & Check Bill Status
Senate Intergovernmental Relations
Housing & Urban Affairs
State Agencies

Vote Recommendation

No
  • Negative
  • Neutral
  • Neutral
  • Negative
  • Neutral

Author(s)

Kirk Watson

Bill Caption

Relating to the allocation of housing tax credits to developments within proximate geographical areas.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

Under current law, low income housing tax credits are prohibited from issuance to two or more developments that are less than two miles apart in a municipality with a population exceeding one million. SB 1992 would change this prohibition to apply to a municipality with a population greater than 1.5 million.

Vote Recommendation Notes

Although local in nature, this bill violates the principles of limited government and the free market. The express intent of SB 1992 is to remove the applicability of the two-mile development limitation in Travis County to increase the allocation of low income housing tax credits for affordable housing developments. Because this bill would expand inequitable application of the law by allowing more preferential treatment and increase the market distortions caused by low income housing tax credits, we oppose SB 1992.

Organizations Supporting

Texas Association of Builders