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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 and property used solely to provide permanent affordable housing to low income households of which at least 30% of the units are dedicated to provide permanent qualified affordable housing for veterans experiencing homelessness.” He moved for passage after describing the amendment (drafting code 6907) that had been placed on the bill.
Members supported the concept and asked whether pilot programs or local examples exist. Boyd cited work in Davidson County and involvement from the mayor of Nashville and former Representative Darren Jernigan in local efforts he said the committee hopes will spread statewide.
The clerk opened the roll and the vote was recorded as 12 ayes, 0 nos. The chair announced the bill will move to full finance.
The bill is permissive — it authorizes, rather than requires, local governments to adopt property tax relief for qualifying nonprofit‑owned veteran housing. The amendment and the committee’s action advanced the measure for additional review by the full finance committee.
