Did not become law. It stopped in the House of Representatives's Tax Expenditures Committee on June 27, 2025. The 2025 session has ended.
2025 Regular Session
House Bill 3236
Expands purposes for the corporate excise tax credit allowed for affordable housing lending.
What it does
The synopsis the Legislative Assembly published with the bill.
<b>Digest: The Act makes changes to the tax credit for banks that lend for housing. (Flesch Readability Score: 89.8).</b> [<i>Digest: The Act makes changes to the tax credit for banks that lend for housing, to allow credit for loans for buyers. (Flesch Readability Score: 76.7).</i>] Expands purposes for the corporate excise tax credit allowed for affordable housing lending. [<i>Establishes the Affordable Housing Lender Fund.</i>] Allows a tax credit for contributions to [<i>the</i>] <b>a qualified mortgage loan</b> fund with the purpose of assisting certain home buyers.<b> Allows credit for loans for preservation or rehabilitation of distressed properties without requiring typical rent reductions.</b> Applies to loans made and tax years beginning on or after January 1, 2026. Takes effect on the 91st day following adjournment sine die.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the House of Representatives
Sponsor
3 co-sponsors
Its course
January 13 to June 27, 2025, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action12 actions on 10 days
In the House of RepresentativesJan 13 to Jun 27 · stopped165 days
Waiting for a committeeJan 13 to Jan 174 days
Housing and HomelessnessJan 17 to Apr 376 days
RevenueApr 3 to May 2855 days
Tax ExpendituresMay 28 to Jun 27 · stopped30 days
Amendments
Each amendment offered, and what became of it.
House of Representatives committee amendmentAdopted
Adopted Apr 3
Text
Each version as the Legislative Assembly printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.
In the House of Representatives Jan 13 – Jun 27
- Jan 13Introduced
- Jan 17Sent to Housing and Homelessness
- Feb 12Heard in Housing and Homelessness
- Mar 24Heard in Housing and Homelessness
- Mar 31Heard in Housing and Homelessness
- Apr 3Housing and Homelessness recommended it as amended, and that it go to Revenue
- Sent to Revenue
- May 6Heard in Revenue
- May 27Heard in Revenue
- May 28Revenue recommended it, and that it go to Tax Expenditures
- Sent to Tax Expenditures
- Jun 27Died when the session ended
All 12 actions, as published
- Jan 13First reading. Referred to Speaker's desk.House of Representatives
- Jan 17Referred to Housing and Homelessness with subsequent referral to Revenue.House of Representatives
- Feb 12Public Hearing held.House of Representatives
- Mar 24Public Hearing held.House of Representatives
- Mar 31Work Session held.House of Representatives
- Apr 3Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Revenue by prior reference.House of Representatives
- Apr 3Referred to Revenue by prior reference.House of Representatives
- May 6Public Hearing held.House of Representatives
- May 27Work Session held.House of Representatives
- May 28Recommendation: Do pass and be referred to Tax Expenditures.House of Representatives
- May 28Referred to Tax Expenditures by order of Speaker.House of Representatives
- Jun 27In committee upon adjournment.House of Representatives