RELATING TO TAXATION.

HB 1214 would establish a tax credit for landlords who rent to tenants, allowing them to reduce their state income tax liability. The credit applies to landlords renting to tenants meeting specific eligibility criteria (as defined in the bill). This bill directly affects landlords by lowering their tax burden, with tenants being the renters involved in the qualifying rental agreements. The bill is currently pending committee review after its introduction on January 22, 2025.