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SB0598

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Property Tax – Low–Income Housing Tax Credit – Valuation of Property
Sponsored by
Senator Hettleman
Status
In the Senate - Hearing 2/12 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Requiring the supervisor of assessments for a county to evaluate a certain net operating income calculation when determining the value of commercial real property that is developed under low-income housing provisions of federal law; and applying the Act to all taxable years beginning after June 30, 2025.
Committees
Original:
Budget and Taxation   Click to view Recorded Media
Details
Cross-filed with: HB0585
Bill File Type: Regular
Effective Date(s): June 1, 2025
History
Legislation History
Chamber
Senate
Calendar Date
1/27/2025
Legislative Date
1/23/2025
Action
First Reading Budget and Taxation
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Property Tax – Low–Income Housing Tax Credit – Valuation of Property
Proceedings
Chamber
Senate
Calendar Date
1/30/2025
Legislative Date
1/30/2025
Action
Hearing 2/19 at 1:00 p.m.
Proceedings
Chamber
Senate
Calendar Date
2/06/2025
Legislative Date
2/06/2025
Action
Hearing canceled
Proceedings
Chamber
Senate
Calendar Date
2/06/2025
Legislative Date
2/06/2025
Action
Hearing 2/12 at 1:00 p.m.
Proceedings
Chamber
Senate
Calendar Date
2/11/2025
Legislative Date
2/11/2025
Action
Hearing canceled
Proceedings
Chamber
Senate
Calendar Date
2/11/2025
Legislative Date
2/11/2025
Action
Hearing 2/12 at 1:05 p.m.
Proceedings
Chamber
Senate
Calendar Date
2/11/2025
Legislative Date
2/11/2025
Action
Hearing canceled
Proceedings
Chamber
Senate
Calendar Date
2/11/2025
Legislative Date
2/11/2025
Action
Hearing 2/12 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 1/27/2025 1/23/2025 First Reading Budget and Taxation
Text - First - Property Tax – Low–Income Housing Tax Credit – Valuation of Property
Senate 1/30/2025 1/30/2025 Hearing 2/19 at 1:00 p.m.
Senate 2/06/2025 2/06/2025 Hearing canceled
Senate 2/06/2025 2/06/2025 Hearing 2/12 at 1:00 p.m.
Senate 2/11/2025 2/11/2025 Hearing canceled
Senate 2/11/2025 2/11/2025 Hearing 2/12 at 1:05 p.m.
Senate 2/11/2025 2/11/2025 Hearing canceled
Senate 2/11/2025 2/11/2025 Hearing 2/12 at 1:00 p.m.
File Code
Subjects
Statutes
Last Updated: 2/13/2025 3:05 PM
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