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Committee moves to extend affordable-rental tax exemption from 10 to 15 years
3169014 · May 1, 2025
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Summary
The committee amended Bill 29 (2025) to align repeal dates and recommended the bill, which would extend the real property tax exemption for qualifying affordable rental dwelling units from 10 to 15 years, be reported out for passage on third reading.
On April 29 the Committee on Housing, Sustainability, Economy and Health recommended reporting Bill 29 (2025) out for passage on third reading after amending the measure to align multiple repeal dates.
Bill 29 would extend the real property tax exemption for qualifying affordable rental…
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