PROP TX-RENTAL HOUSING
Summary
Amends the Property Tax Code. Provides for a reduction in the assessed value of newly-constructed or rehabilitated rental property if the owner of the residential real property commits that, for a period of 10 years, at least 15% of the multifamily building's units will have rents that are at or below maximum rents and are occupied by households with household incomes at or below maximum income limits. Provides that the chief county assessment officer of a county with 3,000,000 or more inhabitants shall establish such a program. Sets forth application requirements and the amount of the reduction. Effective immediately.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2020
Last action Jun 23, 2020
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
18
Key actions
0
Committee
3
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Mar 12, 2020
Committee
Assigned to Revenue & Finance Committee
lower
Feb 18, 2020
Committee
Referred to Rules Committee
lower
0 primary · 12 co-sponsors
Sponsors
No sponsor information available.
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