Property taxation: assessment: affordable commercial property.

Summary

The bill adds renewable leases between nonprofit‑run community ownership entities and qualifying small businesses or nonprofits as a factor that lowers property tax assessments. It requires at least 70 % of the commercial space owned by the entity to be leased under affordability terms, and the state would not reimburse local governments for any tax revenue they lose. The measure also sets reporting requirements and performance metrics for the program.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (May 5). · May 6, 2025

Hearings

• Appropriations Committee Hearing
  Appropriations · May 23, 2025
• Appropriations Committee Hearing
  Appropriations · May 21, 2025
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · May 5, 2025
• Revenue and Taxation Committee Hearing
  Revenue and Taxation · Apr 7, 2025

History

1. Feb 2, 2026From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
2. Jan 31, 2026Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
3. May 23, 2025In committee: Held under submission.
4. May 21, 2025Joint Rule 62(a), file notice suspended. (Page 1627.)
5. May 21, 2025In committee: Set, first hearing. Referred to APPR. suspense file.
6. May 14, 2025In committee: Hearing postponed by committee.
7. May 8, 2025Re-referred to Com. on APPR.
8. May 7, 2025Read second time and amended.
9. May 6, 2025From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (May 5).
10. Apr 28, 2025Re-referred to Com. on REV. & TAX.
11. Apr 24, 2025From committee chair, with author's amendments: Amend, and re-refer to Com. on REV. & TAX. Read second time and amended.
12. Apr 7, 2025In committee: Set, first hearing. Referred to REV. & TAX. suspense file.

The 12 most recent of 19 recorded actions.

Sponsors

• Mark González · sponsor

Bill text

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