Tennessee HB1327 amends tax credit allocation rules for rural and workforce housing projects.
Tennessee HB1327 amends Tennessee Code Annotated, Section 13-23-134 and Chapter 971 of the Public Acts of 2024, concerning tax credits. It deletes subsection (f) of Section 13-23-134 and removes a specific sentence from Section 6 of Chapter 971. The bill aims to adjust the allocation of Tennessee rural and workforce housing tax credits, ensuring at least 50% are allocated to projects in eligible rural areas. This act takes effect July 1, 2025.
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