Relating to property tax exemption for low-income single-unit housing; and prescribing an effective date.
Catchline/Summary:
Extends ad valorem property tax exemption to existing qualified dwelling units of single-unit housing purchased by taxpayers seeking exemption. Extends ad valorem property tax exemption to existing qualified dwelling units of single-unit housing purchased by taxpayers seeking exemption.
Sunsets authority of city to approve applications for exemption on January 1, 2025. Provides that qualified dwelling unit of single-unit housing granted exemption pursuant to application approved before sunset date continues to receive exemption for period of time for which exemption was granted.
Takes effect on 91st day following adjournment sine die.
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HB 2964
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