Legislation - SB0327

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:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0390

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/15/2025 Legislative Date 1/15/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Affordable Housing Payment In Lieu of Taxes Expansion Act Proceedings
Chamber Senate Calendar Date 1/15/2025 Legislative Date 1/15/2025 Action Hearing 1/29 at 10:30 a.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/15/2025	1/15/2025	First Reading Budget and Taxation
			Text - First - Affordable Housing Payment In Lieu of Taxes Expansion Act
Senate	1/15/2025	1/15/2025	Hearing 1/29 at 10:30 a.m.

File Code

Subjects

Statutes