Permits multiple transfers of low-income housing tax credits

Summary

The bill lets owners of eligible low‑income housing projects transfer their state tax credits to other individuals or entities, even if those recipients have no ownership stake in the building. Transfers may be partial or full, can be repeated, and must be approved, documented, and not jeopardize the project's eligibility. Credits transferred can be used to offset state taxes under the same provisions as original credits.

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