HB 161: Property Tax Credit - Retail Service Station Conversions
Topics
✓ Budget & TaxesSupports Budget & TaxesCreates property tax credit with state reimbursement (50% of lost revenue), providing targeted tax relief for redevelopment cleanup costs while managing state budget impact.
✓ EnvironmentSupports EnvironmentBill explicitly funds cleanup of gas station contamination (removing underground tanks), directly supporting pollution control and environmental protection.
✓ HousingSupports HousingEnables housing development by offsetting cleanup costs for gas station conversions to residential/mixed uses, facilitating redevelopment of underutilized properties.
Sponsors
Mary Lehman
(D)
,
Joe Vogel
(D)
,
Aletheia McCaskill
(D)
,
Joseline Peña-Melnyk
(D)
,
Sheila Ruth
(D)
+12 more