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2006 SESSION

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HB 1173 Affordable housing; assessment of real property.

Introduced by: Melanie L. Rapp | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Real property assessments; affordable housing.  Provides that (i) certain federal, state or local restrictions, as well as special expenses be considered in determining the fair market value and the capitalization rate for certain real property designated as affordable housing, and (ii) federal and state income tax credits with respect to real property shall not be considered real property or income attributable to real property.


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