Bill Status of HB1218 103rd General Assembly
Short Description: PROP TX-ABATE MIXED USE
Rep. Kevin Schmidt - Rita Mayfield, Travis Weaver, Patrick Windhorst, Norine K. Hammond, Michael T. Marron, Amy L. Grant, Steven Reick, Jed Davis, Dennis Tipsword, Jr., David Friess, William E Hauter and Wayne A Rosenthal
|Rule 19(a) / Re-referred to Rules Committee
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Property Tax Code. Provides that a taxing district may abate a portion of its taxes on property upon which affordable housing has been or will be constructed in a development mixed with commercial property. Provides that the value of the abatement may not exceed $500,000.