Bill: SB 1992, 85(R) - 2017
Committee
Senate Intergovernmental Relations
Vote Recommendation
| Vote Recommendation |
Economic Freedom |
Property Rights |
Personal Responsibility |
Limited Government |
Individual Liberty |
| 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
