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Committee reviews substitute to expand affordable housing incentives for projects on religious‑organization land
Summary
Committee staff briefed a proposed substitute to House Bill 18‑59 that would raise the affordable‑unit requirement to qualify for a density bonus and introduce a sales and use tax exemption for qualifying affordable housing projects on land owned by religious organizations; members had clarifying questions but the bill was not finally acted on in
Committee staff summarized a proposed substitute to House Bill 18‑59, a measure addressing incentives for affordable housing projects on property owned or leased by religious organizations.
The proposed substitute would change the underlying bill’s terms by increasing the share of affordable units required to qualify for a density bonus from 20% (proposal) to 50% of units, removing the earlier sales‑tax deferral language and instead creating a sales and use tax exemption for qualifying projects. The exemption in the proposed substitute applies if…
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