2021 Senate Bill 362

House Roll Call 471: Passed

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.

71 Yeas / 37 Nays
Democrat (39 Yeas / 13 Nays)
Republican (32 Yeas / 24 Nays)
Excused or Not Voting (1)