Texas HB1997 amends the issuance of federal forms for low income housing tax credits by the Texas Department of Housing and Community Affairs and.

Texas HB1997 modifies the process for the Texas Department of Housing and Community Affairs to issue Internal Revenue Service Form 8609 for low income housing tax credits. The bill specifies the required contents of a documentation packet, including signed and notarized forms, an owner's summary, and various certifications and reports. It mandates the department to issue Form 8609 within 120 days of receiving a complete packet and requires quarterly reports to the legislature on processing times and rejections.

Texas HB1997 amends the issuance of federal forms for low income housing tax credits by the Texas Department of Housing and Community Affairs and.

Texas HB1997 modifies the process for the Texas Department of Housing and Community Affairs to issue Internal Revenue Service Form 8609 for low income housing tax credits. The bill specifies the required contents of a documentation packet, including signed and notarized forms, an owner's summary, and various certifications and reports. It mandates the department to issue Form 8609 within 120 days of receiving a complete packet and requires quarterly reports to the legislature on processing times and rejections.