Bill Title: Property tax exemption for affordable rental housing. Provides a property tax exemption for affordable rental housing property when the property does not otherwise qualify for a property tax exemption. Provides that, in order to qualify for the exemption, the owner must meet the criteria applied by the Internal Revenue Service in determining if an organization that provides low income housing is considered charitable because it relieves the poor and distressed.

Spectrum: Slight Partisan Bill (Republican 4-2)

Status: (Engrossed - Dead) 2018-02-26 - Representative Clere added as cosponsor [SB0213 Detail]

Text: Latest bill text (Engrossed) [PDF]

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