Introduced
by
To create another type of selective property tax break that local elected officials can give to certain developers, this one granting a 50% exemption on structures for up to 12 years, for residential developments that rent at least 30% of their units at discounted rates to households with income not above 120% of the area median.
Referred to the Committee on Economic and Small Business Development
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 28 to 7 (details)
Referred to the Committee on Local Government and Municipal Finance
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Passed in the House 70 to 38 (details)
To create another type of selective property tax break that local elected officials can give to certain developers, this one granting a 50% exemption on structures for up to 12 years, for residential developments that rent at least 30% of their units at discounted rates to households with income not above 120% of the area median.
Passed in the Senate 31 to 5 (details)
