TAXATION – Amends existing law to revise provisions regarding a certain property tax exemption for low-income housing.
Returned from Senate Failed; Filed in the office of the Chief Clerk
Summary
The bill revises Section 63‑602GG to set stricter qualifications for nonprofit organizations and the housing they own to receive property‑tax exemptions. It defines ownership structures, tenant protections, income‑level unit requirements, application deadlines, and county‑commissioner authority. The changes aim to ensure that tax relief is limited to properties that truly serve low‑income residents and remain compliant over time.
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