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House extends vertical housing property tax exemption through 2031 to support mixed-use projects
2934966 · April 8, 2025
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Summary
House Bill 2074 passed to extend the sunset for the vertical housing development property tax exemption through the end of 2031, maintaining an incentive used by local governments to support mixed-use and affordable housing projects.
House Bill 2074 passed the House to extend the property tax exemption for vertical housing development projects by moving the sunset date by six years to the end of 2031.
Representative Hudson, carrying the bill, said the vertical housing exemption—first adopted in 2003—allows a partial property tax exemption of up to 80% for 10 years…
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