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Voices. Knowledge. Solutions.

Advocacy Initiative
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Priority Bill
Off

Bill Number
125
Session
2025 - 2026
Chamber
Senate
Sponsor
Sen. Michael Johnson
Sen. Ed Sutton
Category
Finance, Revenue, Taxes
Committee
Senate Finance Committee
Status
Favorable
Staff Summary

Summary of the bill as introduced: Creates a property tax exemption for a nonprofit housing corporation for a percentage that equals the corporation’s ownership interest in the property. 

Senate Subcommittee Action

02.11.2025 The Senate Finance Property Taxation subcommittee gave this bill a favorable report as amended. The amendment extends the effective date to 2026.

02.06.2025 The Senate Finance Property Taxation subcommittee carried this bill over.

Senate Committee Action

02.18.2025 The Senate Finance Committee gave this bill a favorable report as amended by the subcommittee.