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House Bill 1206

House Bill 1206

ARCHIVE (2001)

Latest Information

DIGEST OF HB 1206 (Updated April 29, 2001 8:41 PM - DI 44)

PILOTS dedicated to affordable housing trust fund. Establishes a property tax exemption for real property that was constructed, rehabilitated, or acquired after December 31, 2001, to provide housing to income eligible persons under the federal low income housing tax credit program. Permits the governing body of a political subdivision to enter into agreements concerning payments in lieu of taxes for the same real property and provides that the payments are to be deposited in the political subdivision's affordable housing fund.
Current Status:
Law Enacted
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