Partial exemption on property taxes for certain residential properties sold in disaster areas.

This bill establishes a partial exemption on property taxes for residential properties sold by the United States Department of Housing and Urban Development to owners receiving the homestead tax credit. The exemption applies if the sale is to provide housing to individuals following a major disaster or disaster emergency and the property is located in a major disaster area declared by the president or a disaster emergency area proclaimed by the governor.

Partial exemption on property taxes for certain residential properties sold in disaster areas.

This bill establishes a partial exemption on property taxes for residential properties sold by the United States Department of Housing and Urban Development to owners receiving the homestead tax credit. The exemption applies if the sale is to provide housing to individuals following a major disaster or disaster emergency and the property is located in a major disaster area declared by the president or a disaster emergency area proclaimed by the governor.