H7681: Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.

Legislative Summary

TAXATION -- BUSINESS CORPORATION TAX -- AFFORDABLE HOUSING TAX CREDIT ACT - Creates business tax credit for, eliminates sale tax on, eliminates income tax on the sale of, and creates a 10 year tax valuation freeze on newly renovated affordable housing.