SB 115 clarifies what counts as an "owner-occupied single-family dwelling" for property tax purposes by specifically including condominiums, townhomes, housing cooperatives, and manufactured homes, plus any garages or accessory structures on the property. The bill also establishes that a property qualifies for this classification if the owner occupies at least 50 percent of the living space in the dwelling and designates it as their principal residence. This change makes the definition more detailed and explicit about which types of residential properties receive favorable owner-occupied tax treatment.
Taxation Deferred to the 41st legislative day Passed, YEAS 7, NAYS 0. S.J. 2
Taxation Scheduled for hearing S.J. 1
First read in Senate and referred to Senate Taxation S.J. 124
Julie Frye-Mueller
Prime sponsor · Sen.
R
Cosponsors
Taxation — Deferred to the 41st legislative day