Sales and use tax; exempt materials used in construction, renovation, and rehabilitation of affordable housing by purely public charities

Summary

The bill exempts sales and use tax on tangible personal property bought by a purely public charity for constructing, renovating, or rehabilitating affordable housing. The exemption applies only when the charity is a 501(c)(3), the homes are sold to first‑time buyers earning ≤80 % of the local median income, the loans are interest‑free, and buyers must occupy the home as a primary residence under a 30‑year resale covenant. The exemption automatically ends on December 31, 2031.

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