Digest: The Act makes a new tax credit for building affordable houses. (Flesch Readability Score: 64.9).
Allows a new income or corporate excise tax credit for a portion of the eligible costs of a newly constructed single-family dwelling that sells for a price that is affordable to a household with an annual income at or below 120 percent of the area median income.
Takes effect on the 91st day following adjournment sine die.

Statutes affected:
Introduced: 314.772, 318.031