Provides an eight percent (8%) tax rate for those properties that are encumbered by a deed restriction for low-income housing set at eight percent (80%) or sixty percent (60%) of adjusted median income established by HUD.
Introduced on 3/27/26
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From the Legislature
TAXATION -- LEVY AND ASSESSMENT OF LOCAL TAXES - Provides an eight percent (8%) tax rate for those properties that are encumbered by a deed restriction for low-income housing set at eight percent (80%) or sixty percent (60%) of adjusted median income established by HUD.
Sponsors
DD
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Democratic CaucusRepublican Caucus