Tax Credits for Contributions to Assist Homebuyers

Summary

The bill would let corporations and insurers receive a credit against state taxes for contributions of at least $1,000 they make to eligible full‑time employees for down‑payment or closing‑cost expenses. Credits are limited to $5,000 per employee and $500,000 per taxpayer each year, can be carried forward up to five years, and require an application to the Department of Revenue starting Oct. 1, 2026. The measure failed to pass and died on the second‑reading calendar.

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