Bill

SB 990

85(R) - 2017
Senate Intergovernmental Relations
Read Bill & Check Bill Status
Senate Intergovernmental Relations
Charities
Housing & Urban Affairs
Nonprofit Organizations

Vote Recommendation

Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral

Author(s)

Kirk Watson

Bill Caption

Relating to the requirements for an application for a low income housing tax credit allocation from the nonprofit set-aside.

Fiscal Notes

No significant fiscal implication to the State is anticipated.

Bill Analysis

SB 990 would eliminate the need for home addresses and evidence that a majority of the members of a nonprofit organization’s board of directors reside in this state as requirements for an application for a low-income housing tax credit allocation from a nonprofit set-aside. 

Vote Recommendation Notes

SB 990 does not appear to have a connection to our liberty principles, therefore we remain neutral. Though we believe these types of programs should not exist at all it is worth noting that if the legislature is going to provide these types of incentives they should be applied equally. So long as the project is in Texas, anyone should be able to apply. Again, we believe these types of incentive programs should be eliminated altogether.