- 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- In the House - Withdrawn by Sponsor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
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Last Updated: 4/15/2024 2:27 PM