Bills › 91st General Assembly
Establishing a partial exemption on property taxes for certain residential properties sold in disaster areas
Where it is now
- Done: IntroducedFebruary 27, 2025
- Done: SubcommitteeFebruary 27, 2025
- Stopped: House committeeDied when the General Assembly ended
- 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 live in after a major disaster, they could pay lower property taxes. This tax break lasts for four years and applies to people who already receive the homestead tax credit. The amount of the tax discount changes each year during that four-year period.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 H.F. _____ assessment year after the sale. This bill provides an percent exemption on the actual value in the first assessment year, a percent in the second year, a percent in the third year, a percent in the fourth year, and the exemption expires in the fifth year.
House subcommittee
Named February 27, 2025. On March 12, 2025 it recommended passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
1 written public comment to its subcommittee: March 12, 2025 (1) · on the Legislature’s site
Similar bills
- HF 2341 Establishing a partial exemption on property taxes for certain residential properties sold…91st General Assembly · In committeeNearly identical
- HF 565 Establishing a partial exemption on property taxes for certain residential properties sold…91st General Assembly · Renumbered as HF 1013Nearly identical
Matched by wording or an identical title.