Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 4270 allows certain taxing units to offer property tax abatements for newly occupied residence homesteads located in reinvestment zones. Homeowners who enter into an abatement agreement must spend at least $500 on home improvements within the first year. The abatement period cannot exceed 10 years, and agreements must include enforcement provisions to ensure compliance.
Author (1)
Vincent Perez
Contact the Author
Rep. Vincent Perez
Capitol Phone:
(512) 463-0638
Capitol Office:
EXT E2.312
E-Mail:
