Legislation

Title: Property Tax Credit - Permanent Supportive Housing - Established
Sponsored by: Chair, Ways and Means Committee (By Request - Departmental - Housing and Community Development)
Status: In the House - Withdrawn by Sponsor
Analysis

Synopsis

Establishing a property tax credit against the State, county, and municipal corporation real property tax on certain properties that provide permanent supportive housing; providing for the calculation of the tax credit; providing for the recapture of the tax credit under certain circumstances; requiring a certain reimbursement by the State to a county or municipal corporation for a certain percentage of the tax credit; applying the Act to all taxable years beginning after June 30, 2025; etc.

Committees

Original:: Ways and Means

Details

Cross-filed with: SB0269

Bill File Type: Pre-Filed

Effective Date(s): June 1, 2025

Bill imposes a mandated appropriation in the annual State Budget Bill

Bill imposes a local government mandate, which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 9/17/2023 Legislative Date 9/17/2023 Action Pre-filed Proceedings
Chamber House Calendar Date 1/10/2024 Legislative Date 1/10/2024 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax Credit - Permanent Supportive Housing - Established Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/12/2024 Legislative Date 2/12/2024 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	9/17/2023	9/17/2023	Pre-filed
House	1/10/2024	1/10/2024	First Reading Ways and Means
			Text - First - Property Tax Credit - Permanent Supportive Housing - Established
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	2/12/2024	2/12/2024	Withdrawn by Sponsor

File Code

Subjects

Statutes