Introduced
by
To authorize a new selective property tax for developers, this one for residential housing as defined in the bill. The owner of a new or refurbished residential property on at least one acre in an eligible “district” would get a 50% property tax break for 12 years. Eligibility would be limited to individuals earning no more than 125% or the local median income.
Referred to the Committee on Local Government and Municipal Finance
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
