Building Homes Act

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Signed into Law

Summary

The bill lets city and county governments award a tax credit on property taxes for homes that are financed with a nonprofit mortgage and have a long‑term covenant that keeps the price affordable, even when the home is sold. The credit can reduce the tax bill by the difference between the full assessed value and the portion the homeowner owes on the first mortgage. It is intended to encourage the creation and preservation of affordable housing.

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

Hearings

• Budget and Taxation — Bill Hearing
  Budget and Taxation · Apr 2, 2026
• Senate Budget and Taxation Committee
  Senate Budget and Taxation Committee · Apr 2, 2026
• Ways and Means — Bill Hearing
  Ways and Means · Feb 17, 2026

History

1. May 26, 2026Approved by the Governor - Chapter 698
2. Apr 10, 2026Returned Passed
3. Apr 9, 2026Third Reading Passed
4. Apr 8, 2026Second Reading Passed
5. Apr 8, 2026Favorable Report by Budget and Taxation
6. Apr 8, 2026Favorable Adopted
7. Mar 25, 2026Hearing 4/02 at 1:00 p.m.
8. Mar 9, 2026Referred Budget and Taxation
9. Mar 6, 2026Third Reading Passed
10. Mar 5, 2026Favorable Adopted Second Reading Passed
11. Mar 4, 2026Favorable Report by Ways and Means
12. Feb 5, 2026Hearing 2/17 at 1:00 p.m.

The 12 most recent of 13 recorded actions.

Sponsors

• Solomon · sponsor
• Fair
• Kaufman
• Shetty

Bill text

Opens the legislature’s own copy.

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