Legislation - HB0390

Authorizing an owner of real property used for rental housing and the governing body of a county to enter into a payment in lieu of taxes agreement for maintaining at least 50% of the rental housing units located at the real property as affordable dwelling units for at least 15 years; and applying the Act to all taxable years beginning after June 30, 2025.

Committees

Original:: Ways and Means; Environment and Transportation

Details

Cross-filed with: SB0327

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber House Calendar Date 1/16/2025 Legislative Date 1/16/2025 Action First Reading Ways and Means and Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Affordable Housing Payment In Lieu of Taxes Expansion Act Proceedings
Chamber House Calendar Date 1/18/2025 Legislative Date 1/18/2025 Action Hearing 2/04 at 1:00 p.m. (Ways and Means) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/16/2025	1/16/2025	First Reading Ways and Means and Environment and Transportation
			Text - First - Affordable Housing Payment In Lieu of Taxes Expansion Act
House	1/18/2025	1/18/2025	Hearing 2/04 at 1:00 p.m. (Ways and Means)

File Code

Subjects

Statutes