Texas 89th Legislature, Regular Session Status: Introduced

HB 1997 — Relating to the issuance by the Texas Department of Housing and Community Affairs of certain federal forms for purposes of allocating low income housing tax credits; authorizing an administrative penalty.

Last action — Left pending in committee

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 89th Legislature, Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Relating to the issuance by the Texas Department of Housing and Community Affairs of certain federal forms for purposes of allocating low income housing tax credits; authorizing an administrative penalty.

Bill Text

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Read HB 1997 on the official Texas source →

How this bill changes current law

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This bill amends 1 section(s) of the Texas statutes: Section 2306.67101, Government Code.

  • Section 2306.67101, Government Code

    Sec. 2306.67101. ISSUANCE OF INTERNAL REVENUE SERVICE FORM 8609; REPORT. (a) In this section: (1) "Documentation packet" means the Internal Revenue Service Form 8609 documentation packet required to receive an allocation of housing tax credits under this subchapter. (2) "Form 8609" means Internal Revenue Service Form 8609, or that form's successor. (b) Not later than the 120th day after the date a development owner submits to the department an Internal Revenue Service Form 8609 documentation packet under this section, the department shall issue the owner an Internal Revenue Service Form 8609. (c) A documentation packet must consist of only: (1) an owner's statement of certification form: (A) that is signed by the development owner and notarized; and (B) through which the development owner certifies the accuracy of the information included in the documentation packet; (2) an owner's summary form that includes: (A) the taxpayer identification number of the development owner; and (B) information on the ownership structure of the development owner, the developer, or the development guarantor; (3) a development cost schedule for the development; (4) an independent auditor's report of the total development cost and eligible basis of the development through which the auditor certifies that the audit was conducted according to generally accepted auditing standards and included: (A) an examination of evidence supporting the amounts and disclosures outlined in the cost certification; (B) an assessment of the accounting principles used and significant estimates made by the development owner; and (C) an overall cost certification evaluation and establishment of the total eligible basis; (5) an independent auditor's report of bond financing through which the auditor certifies the percentage of the development's aggregate basis financed by tax-exempt bonds; (6) a complete copy of the executed carryover allocation agreement issued to the development owner by the department; (7) for a development that was awarded points for demonstrating nonprofit participation under the sponsor characteristics of the application, documentation evidencing the nonprofit participation; (8) a placement in service form that contains summarized information for the development on a building-by-building basis; (9) an architect certification or substantial completion form and permission to occupy form: (A) that are completed and signed by the development architect; and (B) through which the development architect certifies, for purposes of calculating the development's placed in service date, the date of: (i) the completion of the development's buildings; and (ii) the issuance of the certificate of occupancy for the development; (10) a complete copy of the executed and recorded land use restriction agreement for the development; (11) a projected operating pro forma to include a rent schedule and annual operating expenses; and (12) a summary of the sources and uses of funds for the development. (d) The form and contents of the documentation required under Subsections (c)(1), (2), (3), (4), (5), (8), and (9) must be the same as those prescribed by the department for the application cycle that is based on the 2022 qualified allocation plan. (e) If the department determines that a development owner intentionally provided incorrect or inconsistent information in a documentation packet submitted to the department under this section, the department may assess an administrative penalty against the owner in accordance with Subchapter B. In assessing an administrative penalty under this subsection, the department may: (1) impose a monetary penalty; or (2) prohibit the owner or any person that has an ownership interest in the development, except for a tax credit purchaser or syndicator, from participating in the low income housing tax credit program for a period of not more than two years. (f) The department shall quarterly prepare and submit to the legislature a written report

    added

Action History

  1. Left pending in committee

  2. Testimony taken/registration(s) recorded in committee

  3. Considered in public hearing

  4. Scheduled for public hearing on . . .

  5. Referred to Intergovernmental Affairs

  6. Read first time

  7. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 183 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (183)

183 members have not signed on to this bill.

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"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.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 1997 do?
Relating to the issuance by the Texas Department of Housing and Community Affairs of certain federal forms for purposes of allocating low income housing tax credits; authorizing an administrative penalty.
Who sponsors HB 1997?
HB 1997 is sponsored by Liz Campos.
What is the current status of HB 1997?
This bill died with 89th Legislature, Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 1997?
Track HB 1997 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 4 months ago · updated continuously

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