Introduced by Sen. Jeremy Moss (D) on May 14, 2019 To increase the cap on the cash value of residential rental property eligible for property tax breaks under a “neighborhood enterprise zone” subsidy program for developers. The cap would rise from $80,000 per unit in cash value to $120,000 per unit, and this would be indexed to inflation going forward. Official Text and Analysis.
Referred to the Senate Economic and Small Business Development Committee on May 14, 2019
Reported in the Senate on June 18, 2019 With the recommendation that the substitute (S-1) be adopted and that the bill then pass.