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Subcommittee advances HB805, a local property-tax credit to preserve nonprofit affordable homes
Summary
The Local Revenue Subcommittee of the Ways and Means Committee voted to advance HB805, the Building Homes Act, which would let counties and cities offer a local property-tax credit to dwellings provided by nonprofit entities subject to long-term affordability covenants.
The Local Revenue Subcommittee of the Ways and Means Committee voted to advance HB805, the Building Homes Act, out of the subcommittee after a brief staff presentation and a voice vote.
Stan, committee staff, described the proposal as "the local enabling property tax credit for counties and municipalities" that "allows…
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