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Committee advances substitute for House Bill 19‑74 to expand land-banking tools, 10–7
Summary
The House Housing Committee voted 10–7 to report a proposed substitute for House Bill 19‑74 out of committee with a due‑pass recommendation. The substitute removes several original mandates, adds annual reporting and a real‑estate‑excise‑tax exemption and prompted debate over tax incentives and impacts on private development.
The House Housing Committee on Jan. 22 reported a proposed substitute for House Bill 19‑74 out of committee with a due‑pass recommendation after a 10–7 roll‑call vote.
The substitute (H‑2757.2) trims several provisions from the original bill while adding an annual reporting requirement and a real‑estate excise tax exemption. Staff told the committee the substitute removes county authorization and advisory‑board mandates, removes priority rules for surplus properties and eliminates a competitive grant program administered by the Housing…
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