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Collin County staff flags House Bill 21 to close housing finance corporation tax loophole

2214828 · February 3, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

County staff told commissioners that House Bill 21 would correct a loophole allowing housing finance corporations to buy property and remove it from local tax rolls; commissioners asked staff to track the bill and consider bringing a formal resolution if appropriate.

County staff briefed the Collin County Commissioners Court on House Bill 21, saying the measure is intended to correct a loophole related to housing finance corporations and local tax rolls.

"This one in particular corrects a loophole regarding HFCs," said Russell Schoepner, identifying himself as an administrator, during the court's legislative update. He said the problem involved housing…

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