On February 11, Legislative Director Kevin Kinnally testified before the Budget and Taxation Committee in support of SB 369 – Nonprofit Housing Corporations – Tax and Enforcement of Judgment Exemptions – Alterations with amendments.
SB 369 aims to support affordable housing development by expanding property tax relief for specified nonprofit housing entities. Counties share that goal and regularly partner with nonprofit developers to deliver affordable housing, often through locally approved property tax credits, exemptions, and negotiated payment in lieu of taxes (PILOT) agreements.
As drafted, the bill could create a broad, ownership-based tax benefit that limits local discretion and undermines counties’ ability to target property tax relief to specific, locally approved affordable housing projects in a fiscally responsible manner. MACo is seeking amendments to ensure alignment with local affordable housing efforts and to keep property tax relief tied to local approval, project-level affordability commitments, and local fiscal capacity.
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