State Homeless Campus Neighbor Tax Credit

SB 279 creates a 50% nonrefundable tax credit for property owners within one mile of designated "homeless services campuses" (facilities offering emergency shelter, mental health services, and support in one location, excluding correctional centers or microshelters). It directly affects qualifying property owners who receive annual tax notices for their land near these campuses. The credit equals half the property taxes paid in the year the tax notice is issued, applied to the owner’s state tax return. This policy aims to offset costs for neighbors of these facilities through a direct tax reduction.