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HB3232 • 2025

Removes the eligibility requirement for the low income rental housing property tax exemption that property of a limited equity cooperative be constructed or converted after the local governing body adopts the exemption program.

Removes the eligibility requirement for the low income rental housing property tax exemption that property of a limited equity cooperative be constructed or converted after the local governing body adopts the exemption program.

Housing Taxes
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Representative Nathanson,, Senator Manning Jr,, Golden, Representative Fragala,, Gamba,, Lively,, Munoz,, Nelson,, Senator Campos,, Patterson,, Pham,
Last action
2025-06-11
Official status
Chapter Number Assigned
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2025-06-11 House

    Chapter 211, (2025 Laws): effective on the 91st day following adjournment sine die.

  2. 2025-05-28 House

    Governor signed.

  3. 2025-05-22 House

    Speaker signed.

  4. 2025-05-22 Senate

    President signed.

  5. 2025-05-21 Senate

    Third reading. Carried by Starr. Passed. Ayes, 27; Excused, 3--Bonham, Manning Jr, Taylor.

  6. 2025-05-20 Senate

    Carried over to 05-21 by unanimous consent.

  7. 2025-05-19 Senate

    Carried over to 05-20 by unanimous consent.

  8. 2025-05-15 Senate

    Recommendation: Do pass.

  9. 2025-05-15 Senate

    Second reading.

  10. 2025-05-12 Senate

    Work Session held.

  11. 2025-05-05 Senate

    Public Hearing held.

  12. 2025-04-10 House

    Third reading. Carried by Nathanson. Passed. Ayes, 54; Excused, 4--Cate, Lewis, Nguyen H, Owens; Excused for Business of the House, 2--Drazan, Speaker Fahey.

  13. 2025-04-10 Senate

    First reading. Referred to President's desk.

  14. 2025-04-10 Senate

    Referred to Finance and Revenue.

  15. 2025-04-09 House

    Rules suspended. Carried over to April 10, 2025 Calendar.

  16. 2025-04-08 House

    Rules suspended. Carried over to April 9, 2025 Calendar.

  17. 2025-04-07 House

    Second reading.

  18. 2025-04-03 House

    Recommendation: Do pass.

  19. 2025-04-01 House

    Work Session held.

  20. 2025-01-28 House

    Public Hearing held.

  21. 2025-01-17 House

    Referred to Revenue.

  22. 2025-01-13 House

    First reading. Referred to Speaker's desk.

Official Summary Text

Digest: The Act would ease one of the rules for an existing limited equity co-op to be able to claim the low income rental housing tax break. (Flesch Readability Score: 60.0).
Removes the eligibility requirement for the low income rental housing property tax exemption that property of a limited equity cooperative be constructed or converted after the local governing body adopts the exemption program.
Takes effect on the 91st day following adjournment sine die.
Relating to: Relating to exemption of property owned by a limited equity cooperative; and prescribing an effective date.
Current location: Chapter Number Assigned