SB1323 amends Tennessee tax credit laws to modify the allocation of rural and workforce housing tax credits.
SB1323 amends Tennessee Code Annotated, Section 13-23-134, by deleting subsection (f). It also modifies Chapter 971 of the Public Acts of 2024 by removing a specific sentence. These changes affect the allocation of Tennessee rural and workforce housing tax credits, ensuring they are distributed according to the Tennessee Housing Development Agency's qualified allocation plan. The bill takes effect July 1, 2025.
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