HB 2562
Makes percentage of partial property tax exemption for property of vertical housing development projects proportional to allocation of equalized floors to residential housing or low income residential housing, without rounding up or down.
| Status | In House Committee (HHOUS) |
| Sponsors | Mark Meek (Democrat) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Adjusts property tax exemptions for vertical housing projects to be proportional to residential floor allocation without rounding.
Sponsors#
Chief Sponsors: Mark Meek
Overview#
Makes percentage of partial property tax exemption for property of vertical housing development projects proportional to allocation of equalized floors to residential housing or low income residential housing, without rounding up or down. Takes effect on 91st day following adjournment sine die.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-11 | H | First reading. Referred to Speaker's desk. |
| 2021-01-19 | H | Referred to Housing with subsequent referral to Revenue. |
| 2021-06-26 | H | In committee upon adjournment. |