Introduced
by
To grant income tax exemptions to developers of “qualified community land trust property,” with the amount based on property tax liabilities. House Bill 4214 defines these entities 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 providing social welfare benefits and amenities including “affordable housing, civic buildings, community gardens, open spaces, parking facilities, sidewalks, and trails”.
Referred to the Committee on Finance
