31st Legislature, 2021
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Report Title: Conveyance Tax; Rental Assistance Revolving Fund; Earned Income Tax Credit; Income Tax Credit for Low-Income Household Renters; Real Estate Investment Trusts; Income Tax on Shareholders; Withholding
Description: Allocates a portion of the conveyance tax revenues to the rental assistance revolving fund to be used to subsidize rents for persons who meet certain income requirements. Authorizes moneys in the rental assistance revolving fund to be used to finance the costs of environmental assessments and environmental impact statements for eligible affordable housing projects. Increases the availability of the income tax credit for low-income household renters, and makes adjustments to that credit annually based on inflation. Makes the state earned income tax credit refundable and changes the amount of the credit to an unspecified percentage of the federal earned income tax credit. Requires that real estate investment trusts file returns reporting their shareholders' pro rata shares of net income and net income attributable to this State. Provides for composite returns and requires withholding for those shareholders who do not agree to file returns or pay tax on their pro rata share of net income attributable to this State.
Package: None
Current Referral: HOU, WAM
Introducer(s): TOKUDA, Ihara

Sort by Date Status Text
1/26/2018SPassed First Reading.
1/26/2018SReferred to HOU, WAM.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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