House File 2242 - Introduced HOUSE FILE 2242 BY RUNNING-MARQUARDT A BILL FOR An Act increasing the amount available for allocation to the 1 workforce housing tax incentives program under the aggregate 2 tax credit limit for economic development authority 3 programs. 4 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 5 TLSB 5844YH (3) 86 mm/sc

H.F. 2242 Section 1. Section 15.119, subsection 2, paragraph g, Code 1 2016, is amended to read as follows: 2 g. The workforce housing tax incentives program administered 3 pursuant to sections 15.351 through 15.356 . In allocating 4 tax credits pursuant to this subsection , the authority shall 5 not allocate more than twenty twenty-five million dollars for 6 purposes of this paragraph. 7 EXPLANATION 8 The inclusion of this explanation does not constitute agreement with 9 the explanation’s substance by the members of the general assembly. 10 This bill increases to $25 million from $20 million the 11 maximum amount of tax credits that the economic development 12 authority (authority) may annually allocate to the workforce 13 housing tax incentives program under the authority’s $170 14 million aggregate tax credit limit in Code section 15.119. 15 -1- LSB 5844YH (3) 86 mm/sc 1/ 1