AN ACT PROVIDING INCENTIVES TO LANDLORDS WHO COMMIT TO RENTING RESIDENTIAL REAL PROPERTY FOR TIME PERIODS OF MORE THAN A CERTAIN SPECIFIED LENGTH OF TIME.
HB 5484 proposes offering financial incentives to landlords who agree to rent residential properties for periods exceeding a specified minimum length (e.g., 12 months or more, though the exact duration isn't defined in the text). It directly affects residential landlords who commit to longer-term leases, aiming to increase the availability of stable, long-term rental housing. The bill’s key mechanism would provide tax credits or similar benefits to qualifying landlords who sign leases meeting the duration requirement. The stated purpose is to promote more long-term rental options, addressing housing stability without specifying tenant eligibility or rent levels.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025
Last action Jan 17, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 17, 2025
Committee
REF. TO JOINT COMM. ON Housing
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Nick Menapace
DDemocratic/Working Families
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