2021 Senate Bill 360

Authorize certain developer tax breaks, and housing subsidies

Introduced in the Senate

April 15, 2021

Introduced by Sen. Roger Victory (R-30)

To give state income tax credits to companies that give money to “local impact housing trust funds” that finance “employer-assisted housing projects” proposed by Senate Bill 361 and get the property tax breaks proposed by Senate Bill 362. The Senate Fiscal Agency reports the cost of giving these selective subsides is an "unknown and potentially significant amount".

Referred to the Committee on Economic and Small Business Development

June 15, 2021

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

June 17, 2021

Passed in the Senate 29 to 6 (details)

To give state income tax credits to companies that give money to “local impact housing trust funds” that finance “employer-assisted housing projects” proposed by Senate Bill 361 and get the property tax breaks proposed by Senate Bill 362.

Received in the House

June 17, 2021

Referred to the Committee on Local Government and Municipal Finance