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Committee extends brownfield property tax incentive sunset to 2033
Summary
The House Committee on Revenue voted June 13 to send Senate Bill 99 to the floor with a due-pass recommendation; the bill extends property-tax incentives for brownfield development by moving the current sunset from 2027 to 2033.
The House Committee on Revenue on June 13 voted to move Senate Bill 99 to the House floor with a due-pass recommendation, extending property-tax incentives for brownfield redevelopment by six years.
A committee presenter summarized the bill's history and purpose, saying the measure "extends the property tax incentives for brownfield development by moving the sunset date 6 years from 2027 to 2033." He noted the bill had previously passed work sessions in Senate committees and that committee paperwork is available in OLIS.
Representative Hudson moved the measure to the floor; the motion passed and the committee named Rex Smith as the carrier for the House.
No amendments or additional referrals were recorded in the committee work session. Committee staff told members that all related paperwork was posted in OLIS and that there was no subsequent referral listed.
