Emanuel Chris Welch
- Democratic
Primary
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.
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Rule 19(b) / Re-referred to Rules Committee
Added Co-Sponsor Rep. Curtis J. Tarver, II
Assigned to Revenue & Finance Committee
Added Co-Sponsor Rep. Ann M. Williams
Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
Added Chief Co-Sponsor Rep. Arthur Turner
Added Co-Sponsor Rep. Justin Slaughter
Added Co-Sponsor Rep. Jennifer Gong-Gershowitz
Added Co-Sponsor Rep. Deb Conroy
Added Co-Sponsor Rep. Margo McDermed
Added Co-Sponsor Rep. Diane Pappas
Added Co-Sponsor Rep. Michelle Mussman
Added Chief Co-Sponsor Rep. Delia C. Ramirez
Added Chief Co-Sponsor Rep. Theresa Mah
Added Chief Co-Sponsor Rep. Michael J. Zalewski
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Emanuel Chris Welch
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