Legislation

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Status: In the Senate - Withdrawn by Sponsor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

Details

Cross-filed with: HB0226

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 Senate Calendar Date 9/21/2023 Legislative Date 9/21/2023 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/10/2024 Legislative Date 1/10/2024 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax Credit - Permanent Supportive Housing - Established Proceedings
Chamber Senate Calendar Date 1/09/2024 Legislative Date 1/09/2024 Action Hearing 1/24 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 1/11/2024 Legislative Date 1/11/2024 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/05/2024 Legislative Date 2/05/2024 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	9/21/2023	9/21/2023	Pre-filed
Senate	1/10/2024	1/10/2024	First Reading Budget and Taxation
			Text - First - Property Tax Credit - Permanent Supportive Housing - Established
Senate	1/09/2024	1/09/2024	Hearing 1/24 at 1:00 p.m.
Senate	1/11/2024	1/11/2024	Hearing canceled
Senate	2/05/2024	2/05/2024	Withdrawn by Sponsor

File Code

Subjects

Statutes