HB2345

Authorizes tax credits for developing or renting housing for victims of domestic violence.

HB2345 authorizes tax credits for contributions to shelters for victims of domestic violence and rape crisis centers. For fiscal years ending before July 1, 2022, taxpayers can claim a credit equal to 50% of their contributions. For fiscal years beginning after June 30, 2022, the credit increases to 70%. Additionally, taxpayers can claim a credit of $500 for renting residential real estate to a domestic violence victim and $1,000 for converting abandoned property into housing for such victims, both effective from January 1, 2027.