Ohio HB765 modifies the affordable single-family home credit by altering eligibility criteria and credit allocation rules.

Ohio HB765 amends the affordable single-family home credit program by changing the eligibility criteria for projects and how credits are allocated and claimed. The bill specifies that a qualified project must develop single-family dwellings in Ohio and meet certain criteria set by the director. It allows project development investors or equity owners to claim tax credits after receiving an eligibility certificate and filing the required annual report. The bill also details how credits can be transferred and the conditions under which they can be claimed against different taxes.

Ohio HB765 modifies the affordable single-family home credit by altering eligibility criteria and credit allocation rules.

Ohio HB765 amends the affordable single-family home credit program by changing the eligibility criteria for projects and how credits are allocated and claimed. The bill specifies that a qualified project must develop single-family dwellings in Ohio and meet certain criteria set by the director. It allows project development investors or equity owners to claim tax credits after receiving an eligibility certificate and filing the required annual report. The bill also details how credits can be transferred and the conditions under which they can be claimed against different taxes.