Bills › 91st General Assembly
Establishing a partial exemption on property taxes for certain residential properties sold in disaster areas
Sponsored by Rep. Sean Bagniewski (D), Rep. David L. Blom (R), Rep. Daniel Gosa (D), Rep. Craig P. Johnson (R), Rep. Megan Jones (R), Rep. Elinor A. Levin (D), Rep. David Sieck (R), Rep. Brent Siegrist (R), Rep. Aime Wichtendahl (D), Rep. Craig Steven Williams (R), Rep. Devon Wood (R)
Where it is now
- Done: IntroducedFebruary 6, 2026
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committeeFunnel: by February 20, 2026
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary If a person buys a home from the federal government to help provide housing after a major disaster, they could pay lower property taxes. This tax break applies to people who already receive the homestead tax credit and lived in the disaster area. The savings would gradually decrease over a four-year period before ending.1
Read the official explanation
A residential property sold by the United States department of housing and urban development (HUD) to an owner who is receiving the homestead tax credit on the residential property shall be partially exempt from taxation if the sale was to provide housing to individuals following a major disaster or disaster emergency and the residential property was located in the major disaster or disaster emergency area. The exemption is for a four-year period beginning with the first full assessment year after the sale. This bill provides an 80 percent exemption on the actual value in the first assessment year, a 60 percent in the second year, a 40 percent in the third year, a 20 percent in the fourth year, and the exemption expires in the fifth year.
Similar bills
- HF 565 Establishing a partial exemption on property taxes for certain residential properties sold…91st General Assembly · Renumbered as HF 1013Nearly identical
- HSB 271 Establishing a partial exemption on property taxes for certain residential properties sold…91st General Assembly · Subcommittee recommends passageNearly identical
Matched by wording or an identical title.