BILL · 2023–24 SESSION · LATEST VERSION SSB 5118

SB 5118: Multifamily property tax ex.

Modifying the multifamily property tax exemption to promote development of long-term affordable housing.

Summary

Updates eligibility, notification and reporting requirements for multi-family property tax exemptions.
Includes the value of new housing constructed and corresponding land under the 12- and 20-year exemptions.
Allows a tenant with an income-restricted unit to increase annual household income up to 150 percent of the established unit income limit without eviction or penalty at lease renewal.
Authorizes a city or county to assign the highest penalty to the owner who caused a project to be out of compliance and a lesser or no penalty to the other owners, if a penalty applies.

From the Senate Bill Report (SB 5118), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to modifying the multifamily property tax exemption to promote development of long-term affordable housing;

No recorded floor votes. This measure never reached a floor vote.

Jan 25, 2024Referred to Ways & Means. (SSB 5118)
Jan 25, 2024Referred to Ways & Means.
Jan 24, 2024HSG - Majority; 1st substitute bill be substituted, do pass. (SSB 5118)
Jan 24, 2024And refer to Ways & Means. (SSB 5118)
Jan 24, 2024Minority; do not pass. (SSB 5118)
Jan 24, 2024Minority; without recommendation. (SSB 5118)
Jan 24, 2024Minority; without recommendation.
Jan 24, 2024Minority; do not pass.
Jan 24, 2024And refer to Ways & Means.
Jan 24, 2024HSG - Majority; 1st substitute bill be substituted, do pass.
Jan 8, 2024By resolution, reintroduced and retained in present status.
Jan 9, 2023First reading, referred to Housing.
Dec 30, 2022Prefiled for introduction.

Bill numbers restart every two years, so the same number is a different bill in each session.

SB 5118 (2025–26) International medical grads · Enacted · Chapter 3, Laws of 2025
SB 5118 (2021–22) Reentry · Enacted · Chapter 265, Laws of 2021
SB 5118 (2019–20) Self-generated electricity · Did not pass · stalled on the Senate floor
SB 5118 (2017–18) Personal needs allowance · Enacted · Chapter 270, Laws of 2017
SB 5118 (2015–16) Trans proj/bistate wrk group · Did not pass · died in committee
SB 5118 (2013–14) Birth certificates, original · Did not pass · passed Senate, stalled in House
SB 5118 (2011–12) Output-based emission stds. · Did not pass · died in committee
SB 5118 (2009–10) Biofuel definition · Did not pass · died in committee