Relating to: changes to the low-income housing tax credit. (FE)

AB 182 amends state tax statutes to clarify how low-income housing tax credits are allocated to owners in multi-entity business structures. It specifies that partnerships, limited liability companies, and tax-option corporations cannot claim the credit directly; instead, partners, members, or shareholders must claim it based on their ownership share or a written agreement. A new provision (76.639(3)(b)) explicitly allows insurers who are partners/members/shareholders to claim credits based on their stake in qualifying housing projects. The bill requires entities to calculate and provide credit allocations to owners, with written agreements needed for non-proportional allocations, and holds individual claimants responsible for tax disputes.