Section 43-225 - [Repealed effective 1/1/2026] Affordable housing tax credit review committee; reportsA. The affordable housing tax credit review committee is established consisting of the following members: 1. Three members who are appointed by the governor, not more than two of whom are members of the same political party.2. Three members who are appointed by the president of the senate, not more than two of whom are members of the same political party.3. Three members who are appointed by the speaker of the house of representatives, not more than two of whom are members of the same political party.B. Appointed members serve at the pleasure of the person who made the appointment.C. Committee members are not eligible to receive compensation but are eligible to receive reimbursement for expenses pursuant to title 38, chapter 4, article 2.D. The committee shall review the affordable housing tax credits allowed under sections 20-224.04, 41-3954, 43-1075 and 43-1163 on the third year after the effective date of the credit and every three years thereafter. The committee's review shall include the following: 1. The history, rationale and estimated revenue impact of the credit.2. Whether the credit has provided a benefit to this state that includes, for corporate tax credits, measurable economic development, new investments, creation of new jobs or retention of existing jobs in this state.3. Whether the credit is unnecessarily complex in the application, administration and approval processes.4. The number of housing units generated as a result of the tax credit and the average income of residents offered housing units.E. On or before December 15 of the year the committee reviews the credit, the committee shall report its findings and recommendations to the president of the senate, the speaker of the house of representatives and the governor and shall provide a copy of the report to the secretary of state.Repealed by L. 2021, ch. 430,s. 8, eff. 1/1/2026.Added by L. 2021, ch. 430,s. 7, eff. 9/29/2021.