Plain English Breakdown
The bill status shows it was tabled by the Senate on March 31, 2026, which may affect its final enactment despite passing both chambers previously.
Tax Exemption for Affordable Housing Materials Used by Public Charities
This bill exempts materials used in the construction, renovation, and rehabilitation of affordable housing from state and local sales tax when the work is done by purely public charities.
What This Bill Does
- Exempts materials used for building, renovating, or rehabilitating affordable housing from state and local sales and use taxes.
- Applies only to projects carried out by purely public charities.
- Sets requirements that must be met to receive the exemption.
- Repeals any existing laws that conflict with this new rule.
Who It Names or Affects
- Purely public charities building or fixing affordable homes
- Suppliers selling materials for these specific projects
Terms To Know
- Sales and use tax
- A fee added to the price of goods when they are bought or used.
- Purely public charity
- An organization that serves the general public without making a profit for owners, as referenced in the bill title.
Limits and Unknowns
- The official summary does not list the specific requirements charities must follow to get the exemption.
- The text mentions an effective date will be provided but does not state what that date is.
- It is unclear exactly which materials qualify beyond those used in construction, renovation, and rehabilitation.