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This document outlines Senate Bill 448, which authorizes the Housing Division of the Department of Business and Industry to issue transferable tax credits for the development and rehabilitation of low-income housing in Nevada. The bill allows for a total of $40 million in transferable tax credits and details the procedures for project applications and allocations. Testimonies in support of the bill were presented, indicating strong backing from various stakeholders in the community.
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SB 448 work session refers to a designated period where discussions or deliberations are held regarding the provisions and implications of Senate Bill 448.
Entities or organizations that fall under the jurisdiction of the regulations or provisions outlined in SB 448 are required to file for the work session.
To fill out the SB 448 work session, participants must complete the designated forms with required information such as their organization details, session objectives, and any relevant data related to the bill.
The purpose of the SB 448 work session is to facilitate discussion, gather input, and analyze the implications of the bill in order to better inform decision-making or legislative processes.
The SB 448 work session must report information including organizational details, specific objectives of the session, participant contributions, and any outcomes or recommendations derived from the discussions.
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