Sara Feigenholtz
- Democratic
- Senator
- District 6
Primary
Amends the Property Tax Code. Provides for a reduction in the equalized 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, and the chief county assessment officer of a county with less than 3,000,000 inhabitants shall establish such a program upon passage of an ordinance by a majority vote of the county board. Sets forth application requirements and the amount of the reduction. Effective immediately.
No votes to display
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
Added Co-Sponsor Rep. Lindsey LaPointe
Removed Co-Sponsor Rep. Andrew S. Chesney
Added Co-Sponsor Rep. Camille Y. Lilly
Added Co-Sponsor Rep. Diane Pappas
Added Co-Sponsor Rep. Andrew S. Chesney
Added Co-Sponsor Rep. Curtis J. Tarver, II
Rule 19(a) / Re-referred to Rules Committee
To Property Tax Subcommittee
Assigned to Revenue & Finance Committee
Referred to Rules Committee
First Reading
Added Chief Co-Sponsor Rep. Arthur Turner
Filed with the Clerk by Rep. Sara Feigenholtz
Added Chief Co-Sponsor Rep. Michael J. Zalewski
Added Chief Co-Sponsor Rep. Marcus C. Evans, Jr.
Added Chief Co-Sponsor Rep. Ann M. Williams
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