Bill Title: Relating to the state income tax; to establish the Alabama Workforce Housing Tax Credit Act; to create the Alabama Workforce Housing Tax Credit for qualified workforce housing projects; to define certain terms; to provide for minimum and maximum annual award amounts for qualified projects; to allow the tax credits to be claimed for 10 years against the income tax liability of a qualified taxpayer; to allow carryforward for earned but unused tax credits; to require a minimum of the annual award cycle cap be awarded for qualified projects located in areas designated as rural by the authority; and to require the Alabama Housing Finance Authority to implement and administer the provisions of this act.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-04-20 - Introduced and Referred to House Ways and Means Education [HB357 Detail]

Text: Latest bill text (Introduced) [PDF]

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