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2021 Senate Bill 421: Exempt “community land trust property” from school property tax
Introduced by Sen. Roger Victory R-Hudsonville on May 6, 2021
To exempt “qualified community land trust property” from property taxes levied for local public school operations. House Bill 4214 defines this as a vehicle for giving tax breaks on real property that is “held on behalf” of the government, which it defines as “community assets,” and includes but is not limited to providing social welfare benefits and amenities including “affordable housing, civic buildings, community gardens, open spaces, parking facilities, sidewalks, and trails”.   Official Text and Analysis.
Referred to the Senate Finance Committee on May 6, 2021