Staff Analysis of the Legislation
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This legislation enacts a new sales and use tax exemption for construction and rehabilitation of affordable housing by a 501(c)(3) organization. The exemption period is limited to July 1, 2016 through June 30, 2018. Although the bill caption indicates the exemption is for state sales and use tax, as drafted, the bill provides for an exemption from both state and local sales and use tax. |
| Short Note:
No Fiscal Note. 250K estimate, Habitat Affiliates, only 28 of them |
