Prohibits cities or towns with rent control ordinances from raising property taxes while the ordinances are in effect.

This bill prohibits cities or towns that implement a rent control ordinance from raising property taxes on rental units. The prohibition lasts as long as the rent control ordinance is in effect. The bill defines "rental unit" as any part of a housing accommodation rented or offered for residential occupancy, including apartments, rooms, condominiums, single-family homes, or manufactured homes. The act would take effect upon passage.

Prohibits cities or towns with rent control ordinances from raising property taxes while the ordinances are in effect.

This bill prohibits cities or towns that implement a rent control ordinance from raising property taxes on rental units. The prohibition lasts as long as the rent control ordinance is in effect. The bill defines "rental unit" as any part of a housing accommodation rented or offered for residential occupancy, including apartments, rooms, condominiums, single-family homes, or manufactured homes. The act would take effect upon passage.