Committee hears support for expanding Multifamily Property Tax Exemption program in House Bill 1494
Senate committee received a staff briefing and public testimony on House Bill 1494, which would change eligibility and compliance rules for the Multifamily Property Tax Exemption (MFTE) program.
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The Senate Ways & Means Committee heard a staff briefing and public testimony on House Bill 1494, which would modify the Multifamily Property Tax Exemption (MFTE) program by changing eligibility rules for cities and counties, clarifying affordability requirements, and tightening compliance and reporting.
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