2021 Senate Bill 421

Exempt “community land trust property” from school property tax

Introduced in the Senate

May 6, 2021

Introduced by Sen. Roger Victory (R-30)

To exempt “qualified community land trust property” from property taxes levied for local public school operations. House Bill 4214 defines this 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 but is not limited to 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