Bill
S 851
Overview: S 851, Establishes a housing infrastructure tax credit to provide a credit of up to ten percent of costs for infrastructure projects, was introduced on March 5, 2025 and
Overview: S 851, Establishes a housing infrastructure tax credit to provide a credit of up to ten percent of costs for infrastructure projects, was introduced on March 5, 2025 and has been referred to the Investigations and Government Operations committee.
Purpose and Intent: The bill aims to incentivize investment in housing infrastructure projects by providing a tax credit of up to 10% of the costs for eligible projects.
Key Provisions:
- Establishes a housing infrastructure tax credit for up to 10% of the costs of qualified infrastructure projects
- Defines eligible projects as those that support the development of new housing or the rehabilitation of existing housing
- Allows the credit to be claimed by developers, builders, or other entities involved in the infrastructure project
Affected Parties and Impacts: This bill would primarily benefit developers, builders, and other entities involved in housing infrastructure projects. It could potentially lead to increased investment in housing-related infrastructure, which could have positive impacts on housing availability and affordability.
Procedural and Timeline Considerations: S 851 has been referred to the Investigations and Government Operations committee, where it will be considered before potentially moving to the full Senate for a vote.
Compiled from official sources — confirm details with the bill’s official record.
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