To authorize a new form of property tax break for developers who refurbish or build property (dubbed "attainable housing") and rent out 30% or more of the units to households with incomes less than 120% of the county median, at rates that do not exceed 30% of the household's income. The bill would authorize local governments giving 50% property tax cuts to developers, with state taxpayers ultimately covering the foregone local tax revenue. See also Senate Bills 364, 422 and 432.