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Subcommittee advances bill allowing local property‑tax relief for nonprofit veteran housing
Summary
The panel added an amendment and voted 12-0 to move House Bill 11-34 to full finance. The bill would allow municipalities to provide property tax relief for nonprofit-owned properties used solely to provide permanent affordable housing where at least 30 percent of units are set aside for veterans experiencing homelessness.
The House Finance, Ways and Means Subcommittee unanimously advanced House Bill 11-34 after adopting an amendment and brief discussion.
Chairman Ryan Boyd described the amended measure as permissive legislation that “will allow municipalities the option to provide property tax relief to properties controlled by nonprofit organizations…
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