Legislation - SB0598

Requiring the supervisor of assessments for a county to evaluate a certain net operating income calculation when determining the value of commercial real property that is developed under low-income housing provisions of federal law; and applying the Act to all taxable years beginning after June 30, 2025.

Committees

Original:: Budget and Taxation

Details

Cross-filed with: HB0585

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/27/2025 Legislative Date 1/23/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax – Low–Income Housing Tax Credit – Valuation of Property Proceedings
Chamber Senate Calendar Date 1/30/2025 Legislative Date 1/30/2025 Action Hearing 2/19 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/27/2025	1/23/2025	First Reading Budget and Taxation
			Text - First - Property Tax – Low–Income Housing Tax Credit – Valuation of Property
Senate	1/30/2025	1/30/2025	Hearing 2/19 at 1:00 p.m.

File Code

Subjects

Statutes