SF 488 — A bill for an act relating to the workforce housing tax incentives program by requiring allocations to certain housing projects and by increasing the allowable average dwelling unit cost and the percentage of investment for tax incentives for certain housing projects. (Formerly SSB 1035.) Effective 7-1-17.
Last action — Signed by Governor.
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced March 09, 2017. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
What changed in the latest version
24 added · 26 removed24 line(s) added, 26 removed.
Senate File 488 - ReprintedEnrolled SENATESenate FILEFile 488 BYAN COMMITTEEACT ONRELATING WAYS AND MEANS (SUCCESSOR TO SSBTHE 1035)WORKFORCE (COMPANIONHOUSING TOTAX HFINCENTIVES 439PROGRAM BY COMMITTEEREQUIRING ONALLOCATIONS ECONOMICTO GROWTH)CERTAIN (AsHOUSING AmendedPROJECTS andAND PassedBY byINCREASING theTHE SenateALLOWABLE AprilAVERAGE 18,DWELLING 2017)UNIT ACOST BILLAND FORTHE AnPERCENTAGE ActOF relatingINVESTMENT toFOR theTAX workforceINCENTIVES housingFOR taxCERTAIN incentivesHOUSING programPROJECTS. by requiring allocations to certain housing projects and by increasing the allowable average dwelling unit cost and the percentage of investment for tax incentives for certain housing projects.
SFSection 4881. (3) 87 aw/sc/jh S.F.
488 Section 1.
Sec.Senate File 488, p.
2 Sec.
Four or more single-family dwelling units, except for a project located in a small city, then two or more single-family dwelling units.units .
NEW PARAGRAPHPARAGRAPH. .
Section 15.353, subsection 2, paragraph d, SFsubparagraph 488(2), (3)subparagraph 87division -1-(c), aw/sc/jhCode 1/32017, S.F.is amended to read as follows:
488 subparagraph (2), subparagraph division (c), Code 2017, is amended to read as follows:
(2) The average dwelling unit cost for the project does not exceed two hundred fifteen thousand dollars per dwelling unit ifSenate theFile project488, isp. located in a small city.
3 if the project is located in a small city.
The authority shall SFmaintain 488a (3)list 87of -2-registered aw/sc/jhhousing 2/3projects S.F.in small cities under the program so that if the maximum aggregate amount of tax incentives reserved for small cities is reached in a given fiscal year, such registered housing projects that were completed but for which tax incentives were not issued shall be placed on a wait list in the order the registered housing projects were registered and shall be given priority for receiving tax incentives in succeeding fiscal years.
488 maintain a list of registered housing projects in small cities under the program so that if the maximum aggregate amount of tax incentives reserved for small cities is reached in a given fiscal year, such registered housing projects that were completed but for which tax incentives were not issued shall be placed on a wait list in the order the registered housing projects were registered and shall be given priority for receiving tax incentives in succeeding fiscal years.
(2)Senate ForFile a488, housingp. project located in a small city, twenty percent of the qualifying new investment of a housing project.
SF4 488(2) (3)For 87a -3-housing aw/sc/jhproject 3/3located in a small city, twenty percent of the qualifying new investment of a housing project.
______________________________ ______________________________ JACK WHITVER LINDA UPMEYER President of the Senate Speaker of the House I hereby certify that this bill originated in the Senate and is known as Senate File 488, Eighty-seventh General Assembly.
______________________________ W.
CHARLES SMITHSON Secretary of the Senate Approved _______________, 2017 ______________________________ TERRY E.
BRANSTAD Governor
Amendments
3 amendmentsClick Show changes on an amendment above to see how it modifies the bill.
Action History
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Signed by Governor.
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Sent to Governor.
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Reported correctly enrolled, signed by President and Speaker.
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Message from House.
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Immediate message.
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Passed House, ayes 95, nays 1.
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Committee report, recommending passage.
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Read first time, referred to Ways and Means.
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Message from Senate.
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Immediate message.
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Passed Senate, ayes 50, nays 0.
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Amendment S-3335 out of order.
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Amendment S-3340 adopted.
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Amendment S-3334 withdrawn.
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Amendments S-3334, S-3335, and S-3340 filed.
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Committee report, approving bill.
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Introduced, placed on Ways and Means calendar.
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 0 co-sponsors · 150 not signed on
Sponsors (0)
None.
Co-sponsors (0)
None.
Not signed on (150)
150 members have not signed on to this bill.
Show all 150 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
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- This bill has been enacted into law. Introduced March 09, 2017. Enacted.
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