Introduced
by
To authorize local governments to exempt from local property taxes for up to two years properties purchased and improved by nonprofit housing development associations (such as Habitat for Humanity and similar local entities) that they intend to transfer to low income families.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that limits the exemption to single family residences or duplexes, allows it for property that will be leased to a low income person, and changes the definition of "low income family" from one whose income is 60 percent the state median to one whose income is 80 percent.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To authorize local governments to exempt from local property taxes for up to two years properties purchased and improved by nonprofit housing development associations that they intend to transfer or lease to low income families. "Low income" is defined as up to 80 percent of the state median family income (approximately $54,000 in 2006).
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Substitute offered
by
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 106 to 0 (details)
To authorize local governments to exempt from local property taxes for up to two years properties purchased and improved by nonprofit housing development associations that they intend to transfer or lease to low income families. "Low income" is defined as up to 80 percent of the state median family income (approximately $54,000 in 2006).
To concur with the House-passed version of the bill.
Passed in the Senate 37 to 0 (details)
