Requires the Housing and Community Services Department to develop a senior housing development initiative. Transfers moneys from the Senior Property Tax Deferral Revolving Account to be used for the initiative. Requires the Department of Revenue to annually review the account, beginning in 2027, for estimated excess funds to transfer to the General Housing Account for the initiative.
More detail
Sunsets July 1, 2031. Provides that projects funded by the Elderly and Disabled Housing Fund remain eligible for affordable housing tax credits.
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More on this bill
Where it stands
Introduced
Passed House
Passed Senate
4To Governor
Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Aug 13Chapter 576, (2025 Laws): Effective date January 1, 2026.Latest
Jun 25Rules suspended. Third reading. Carried by Patterson. Passed.Passed Senate
Vote recorded Rules suspended. Third reading. Carried by Patterson. Passed. Result: pass.Upper
Jun 25Second reading.Minor
Jun 25Recommendation: Do pass the A-Eng. bill.Minor
Jun 24Referred to Ways and Means.Minor
Jun 24First reading. Referred to President's desk.Minor
Jun 23Third reading. Carried by Marsh. Passed.Passed House
Vote recorded Third reading. Carried by Marsh. Passed. Result: pass.Lower
Jun 20Second reading.Minor
Jun 20Recommendation: Do pass.Minor
Jun 17Work Session held.
Vote recorded Heard and Reported Out. Result: pass.Legislature
Jun 10Returned to Full Committee.
Jun 10Work Session held.
Jun 7Assigned to Subcommittee On Transportation and Economic Development.Minor
May 13Referred to Ways and Means by prior reference.Minor
May 13Recommendation: Do pass and be referred to Ways and Means by prior reference.Minor
May 8Work Session held.
Vote recorded Heard and Reported Out. Result: pass.Lower
May 6Work Session held.
Apr 29Informational Meeting held.
Apr 1Public Hearing held.
Mar 21Referred to Revenue by prior reference, then Ways and Means by order of the Speaker.Minor
Mar 21Recommendation: Do pass with amendments, be printed A-Engrossed, be referred to Revenue by prior reference, and then referred to Ways and Means.Minor
Mar 17Work Session held.
Vote recorded Heard and Reported Out with Amendments. Result: pass.Lower
Mar 5Public Hearing held.
Feb 20Referred to Housing and Homelessness with subsequent referral to Revenue.Minor
Feb 18First reading. Referred to Speaker's desk.Introduced